Oak Family Advisors LLC trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,968 shares of the Wireless communications provider's stock after selling 2,326 shares during the quarter. Oak Family Advisors LLC owned about 0.06% of InterDigital worth $2,706,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Precision Wealth Strategies LLC purchased a new stake in InterDigital during the 4th quarter valued at about $528,000. Caprock Group LLC grew its position in InterDigital by 14.1% during the 4th quarter. Caprock Group LLC now owns 3,601 shares of the Wireless communications provider's stock valued at $698,000 after purchasing an additional 445 shares during the last quarter. Ridgepath Capital Management LLC bought a new position in InterDigital during the 4th quarter valued at about $244,000. OLD National Bancorp IN bought a new position in InterDigital during the 4th quarter valued at about $228,000. Finally, R Squared Ltd bought a new position in InterDigital during the 4th quarter valued at about $70,000. 99.83% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at InterDigital
In other news, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the transaction, the insider now owns 24,138 shares in the company, valued at $4,397,702.22. This represents a 0.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lawrence Liren Chen sold 5,891 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the sale, the chief executive officer now owns 164,543 shares in the company, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,622 shares of company stock worth $2,433,251 in the last quarter. Company insiders own 2.30% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of InterDigital from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.
Check Out Our Latest Research Report on InterDigital
InterDigital Price Performance
IDCC opened at $182.98 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $4.64 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.08 and a beta of 1.44. The company's 50-day simple moving average is $189.00 and its two-hundred day simple moving average is $160.95. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08.
InterDigital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital's dividend payout ratio (DPR) is presently 19.23%.
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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