InterDigital, Inc. (NASDAQ:IDCC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $231.97 and last traded at $209.87, with a volume of 74214 shares trading hands. The stock had previously closed at $204.17.
InterDigital Price Performance
The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The company has a 50 day moving average price of $195.89 and a 200 day moving average price of $175.00. The firm has a market cap of $5.41 billion, a PE ratio of 17.49, a PEG ratio of 1.57 and a beta of 1.45.
InterDigital Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio (DPR) is 19.93%.
Insider Activity
In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the sale, the insider now owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the transaction, the chief executive officer now directly owns 164,543 shares in the company, valued at approximately $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,134 shares of company stock valued at $4,678,770 over the last quarter. Corporate insiders own 2.30% of the company's stock.
Institutional Trading of InterDigital
A number of institutional investors have recently added to or reduced their stakes in IDCC. Boston Partners increased its holdings in InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after buying an additional 83,794 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in InterDigital by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider's stock worth $160,441,000 after purchasing an additional 39,891 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in InterDigital by 3.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after purchasing an additional 21,319 shares in the last quarter. Geode Capital Management LLC grew its holdings in InterDigital by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock valued at $115,240,000 after purchasing an additional 1,991 shares during the last quarter. Finally, Reinhart Partners LLC. grew its holdings in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock valued at $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.
About InterDigital
(
Get Free Report)
InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.
Further Reading
Before you consider InterDigital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterDigital wasn't on the list.
While InterDigital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
