Raymond James Financial Inc. purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,664 shares of the Wireless communications provider's stock, valued at approximately $9,040,000. Raymond James Financial Inc. owned 0.18% of InterDigital as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in IDCC. Atria Investments Inc bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $511,000. Steward Partners Investment Advisory LLC increased its holdings in InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock valued at $129,000 after buying an additional 617 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of InterDigital in the 4th quarter valued at $504,000. Smartleaf Asset Management LLC lifted its holdings in shares of InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after acquiring an additional 511 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of InterDigital by 10.2% during the 4th quarter. US Bancorp DE now owns 2,530 shares of the Wireless communications provider's stock worth $490,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.
InterDigital Price Performance
NASDAQ IDCC traded up $4.12 on Tuesday, reaching $225.72. The company's stock had a trading volume of 258,679 shares, compared to its average volume of 413,749. InterDigital, Inc. has a 52 week low of $95.33 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 firm has a market cap of $5.80 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The business has a 50-day moving average price of $200.81 and a 200 day moving average price of $180.71.
InterDigital Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.60 dividend. This is a positive change from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.06%. InterDigital's payout ratio is currently 19.93%.
Insider Buying and Selling at InterDigital
In other InterDigital 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 value of $388,258.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the sale, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,833 shares of company stock worth $2,954,830 over the last three months. Company insiders own 2.30% of the company's stock.
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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