Key Financial Inc Has $983,000 Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Key Financial Inc lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,074 shares of the Wireless communications provider's stock after selling 1,326 shares during the period. Key Financial Inc's holdings in InterDigital were worth $983,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IDCC. Congress Asset Management Co. bought a new position in InterDigital during the 4th quarter worth $62,583,000. Reinhart Partners LLC. increased its stake in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after acquiring an additional 164,223 shares during the period. International Assets Investment Management LLC increased its stake in InterDigital by 283,160.0% during the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider's stock worth $16,047,000 after acquiring an additional 113,264 shares during the period. Emerald Advisers LLC increased its stake in InterDigital by 50.3% during the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider's stock worth $25,633,000 after acquiring an additional 60,575 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of InterDigital by 28.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider's stock valued at $30,420,000 after purchasing an additional 48,137 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered InterDigital from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.

Insider Activity at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the transaction, the insider now directly owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at $22,070,861.55. The trade was a 8.56 % 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 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

InterDigital Price Performance

Shares of IDCC traded down $5.60 during midday trading on Friday, hitting $211.40. The company's stock had a trading volume of 315,962 shares, compared to its average volume of 395,578. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a one year low of $95.33 and a one year high of $218.76. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company's fifty day simple moving average is $192.19 and its two-hundred day simple moving average is $168.91.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This is an increase from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. InterDigital's dividend payout ratio (DPR) is 14.95%.

InterDigital 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.