Quantbot Technologies LP Acquires 12,239 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Quantbot Technologies LP raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 1,667.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,973 shares of the Wireless communications provider's stock after purchasing an additional 12,239 shares during the quarter. Quantbot Technologies LP owned 0.05% of InterDigital worth $2,513,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IDCC. Boston Partners increased its stake in shares of InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after buying an additional 83,794 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider's stock worth $160,441,000 after acquiring an additional 39,891 shares during the last quarter. Geode Capital Management LLC boosted its stake in InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider's stock valued at $83,968,000 after purchasing an additional 3,975 shares during the period. Reinhart Partners LLC. boosted its holdings in InterDigital by 83.8% in 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 period. Finally, Congress Asset Management Co. acquired a new stake in shares of InterDigital during the 4th quarter worth $62,583,000. 99.83% of the stock is owned by institutional investors.

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InterDigital Price Performance

NASDAQ:IDCC traded down $7.55 during mid-day trading on Thursday, reaching $215.05. The stock had a trading volume of 274,813 shares, compared to its average volume of 413,304. 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 stock has a market capitalization of $5.52 billion, a PE ratio of 17.86, a P/E/G ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97. The stock has a 50-day simple moving average of $202.71 and a two-hundred day simple moving average of $181.66.

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. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio is presently 19.93%.

Insider Transactions at InterDigital

In related news, insider Joshua D. Schmidt sold 1,781 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the transaction, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the transaction, the chief technology officer now directly owns 52,997 shares in the company, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,833 shares of company stock worth $2,954,830. 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.