InterDigital, Inc. (NASDAQ:IDCC) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 54.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,996 shares of the Wireless communications provider's stock after purchasing an additional 2,810 shares during the quarter. LPL Financial LLC's holdings in InterDigital were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IDCC. Global Retirement Partners LLC increased its stake in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Mendota Financial Group LLC increased its stake 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 acquiring an additional 290 shares during the last quarter. R Squared Ltd acquired a new stake in InterDigital during the fourth quarter worth about $70,000. Smartleaf Asset Management LLC increased its stake in InterDigital by 468.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after acquiring an additional 511 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in InterDigital by 1,209.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock worth $129,000 after acquiring an additional 617 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Up 3.9 %

Shares of NASDAQ IDCC traded up $7.21 on Wednesday, hitting $194.20. The company had a trading volume of 20,284 shares, compared to its average volume of 409,691. InterDigital, Inc. has a 12-month low of $97.51 and a 12-month high of $231.97. The business has a 50 day moving average of $207.89 and a two-hundred day moving average of $190.30. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.99 billion, a P/E ratio of 16.13, a PEG ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.60 dividend. 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 1.24%. InterDigital's dividend payout ratio is presently 19.93%.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the transaction, the chief technology officer now owns 52,396 shares of the company's stock, valued at approximately $9,693,260. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock valued at $2,938,660 over the last quarter. Company insiders own 2.30% of the company's stock.

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.