Monument Capital Management Buys New Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Monument Capital Management acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,195 shares of the Wireless communications provider's stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of InterDigital in the third quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in shares of InterDigital in the third quarter valued at about $26,000. Mendota Financial Group LLC raised its holdings in shares of InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in shares of InterDigital in the fourth quarter valued at about $70,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider's stock valued at $89,000 after acquiring an additional 233 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $185.00, for a total transaction of $129,500.00. Following the sale, the chief technology officer now owns 52,396 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the business's 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 sale, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of InterDigital from a "buy" rating to a "hold" rating in a report on Monday, November 4th.

InterDigital Stock Down 2.6 %

InterDigital stock traded down $5.60 during trading hours on Friday, reaching $211.40. The stock had a trading volume of 315,962 shares, compared to its average volume of 395,578. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.57 and a beta of 1.44. 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 business's 50 day moving average price is $192.19 and its 200-day moving average price is $168.91. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $218.76.

InterDigital Increases Dividend

The company 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 $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. InterDigital's payout ratio is currently 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.