Legal & General Group Plc lowered its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,445 shares of the Wireless communications provider's stock after selling 1,806 shares during the quarter. Legal & General Group Plc owned approximately 0.29% of InterDigital worth $14,228,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC grew its position in shares of InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after acquiring an additional 111 shares during the period. Prudent Man Investment Management Inc. bought a new position in InterDigital during the fourth quarter worth about $39,000. Mendota Financial Group LLC increased its position in InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 290 shares during the last quarter. R Squared Ltd bought a new stake in InterDigital in the fourth quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of InterDigital by 468.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock valued at $121,000 after buying an additional 511 shares during the last quarter. Institutional investors own 99.83% of the company's stock.
Insiders Place Their Bets
In other news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the sale, the chief technology officer now owns 52,396 shares of the company's stock, valued at approximately $9,693,260. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the transaction, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock worth $2,938,660 over the last three months. Insiders own 2.30% of the company's stock.
InterDigital Stock Performance
IDCC traded down $3.62 during trading hours on Monday, reaching $185.65. The company's stock had a trading volume of 30,263 shares, compared to its average volume of 411,740. The company's 50-day moving average is $208.98 and its 200-day moving average is $190.04. InterDigital, Inc. has a 52 week low of $96.48 and a 52 week high of $231.97. The firm has a market cap of $4.77 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.
InterDigital Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.60 dividend. This is a boost from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.29%. The ex-dividend date is Wednesday, April 9th. InterDigital's dividend payout ratio is currently 19.93%.
About InterDigital
(
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.
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