Natixis Takes $6.59 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Natixis bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,000 shares of the Wireless communications provider's stock, valued at approximately $6,586,000. Natixis owned about 0.13% of InterDigital at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Congress Asset Management Co. purchased a new stake in shares of InterDigital during the fourth quarter valued at $62,583,000. Reinhart Partners LLC. grew 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 valued at $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of InterDigital in the fourth quarter valued at about $19,572,000. Norges Bank purchased a new position in shares of InterDigital in the fourth quarter worth about $17,387,000. Finally, Boston Partners lifted its holdings in shares of InterDigital by 5.5% during the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after purchasing an additional 83,794 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 1,781 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the transaction, the insider now directly owns 24,395 shares in the company, valued at $5,318,110. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the sale, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. This trade represents a 0.97 % 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. Company insiders own 2.30% of the company's stock.

InterDigital Stock Performance

NASDAQ:IDCC traded up $0.12 during midday trading on Thursday, hitting $191.66. The company's stock had a trading volume of 466,214 shares, compared to its average volume of 410,481. InterDigital, Inc. has a fifty-two week low of $97.51 and a fifty-two week high of $231.97. 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 firm has a market cap of $4.92 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.57 and a beta of 1.44. The firm's 50 day moving average is $206.98 and its 200-day moving average is $190.64.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio (DPR) is 19.93%.

About InterDigital

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.