Nebula Research & Development LLC Has $2.31 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Nebula Research & Development LLC increased its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 229.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,928 shares of the Wireless communications provider's stock after purchasing an additional 8,308 shares during the period. Nebula Research & Development LLC's holdings in InterDigital were worth $2,311,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. increased its position in shares of InterDigital by 3.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after purchasing an additional 21,319 shares during the period. Price T Rowe Associates Inc. MD grew its position in InterDigital by 1,451.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider's stock valued at $57,986,000 after acquiring an additional 280,030 shares during the last quarter. Hsbc Holdings PLC grew its position in InterDigital by 1,470.7% in the fourth quarter. Hsbc Holdings PLC now owns 86,106 shares of the Wireless communications provider's stock valued at $16,784,000 after acquiring an additional 80,624 shares during the last quarter. Stifel Financial Corp grew its position in InterDigital by 312.3% in the fourth quarter. Stifel Financial Corp now owns 7,005 shares of the Wireless communications provider's stock valued at $1,357,000 after acquiring an additional 5,306 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in InterDigital by 865.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,521 shares of the Wireless communications provider's stock valued at $488,000 after acquiring an additional 2,260 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In other news, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total transaction of $388,258.00. Following the sale, the insider now directly owns 24,395 shares of the company's stock, valued at approximately $5,318,110. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value 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. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock worth $2,938,660 over the last 90 days. Insiders own 2.30% of the company's stock.

InterDigital Price Performance

InterDigital stock traded up $0.81 during midday trading on Monday, reaching $194.56. The company's stock had a trading volume of 190,546 shares, compared to its average volume of 409,332. InterDigital, Inc. has a 52 week low of $97.51 and a 52 week high of $231.97. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $206.06 and a 200-day moving average price of $191.82. The stock has a market cap of $5.00 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.23%. 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 payout ratio is currently 19.93%.

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.