Jackson Creek Investment Advisors LLC Has $1.70 Million Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Jackson Creek Investment Advisors LLC trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 35.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,754 shares of the Wireless communications provider's stock after selling 4,727 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in InterDigital were worth $1,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC bought a new position in InterDigital in the 3rd quarter valued at $1,427,000. Flagship Harbor Advisors LLC bought a new position in InterDigital in the fourth quarter valued at about $338,000. Kovitz Investment Group Partners LLC bought a new position in InterDigital in the third quarter valued at about $380,000. Reinhart Partners LLC. increased its position in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after purchasing an additional 164,223 shares during the period. Finally, Olympiad Research LP bought a new stake in InterDigital during the 3rd quarter worth about $475,000. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In other news, CEO Lawrence Liren Chen sold 5,891 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 164,543 shares in the company, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $204.13, for a total value of $142,891.00. Following the completion of the sale, the chief technology officer now directly owns 52,997 shares of the company's stock, valued at approximately $10,818,277.61. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,134 shares of company stock worth $4,678,770. Insiders own 2.30% of the company's stock.

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InterDigital Trading Up 1.0 %

Shares of NASDAQ IDCC traded up $2.05 during mid-day trading on Tuesday, hitting $212.59. The company's stock had a trading volume of 303,562 shares, compared to its average volume of 389,893. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.96. The company's fifty day simple moving average is $195.89 and its 200-day simple moving average is $175.00. 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 stock has a market cap of $5.46 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is currently 19.93%.

InterDigital Company Profile

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.