Ritholtz Wealth Management Raises Stake in InterDigital, Inc. (NASDAQ:IDCC)

Ritholtz Wealth Management grew its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,527 shares of the Wireless communications provider's stock after purchasing an additional 3,205 shares during the period. Ritholtz Wealth Management owned approximately 0.11% of InterDigital worth $5,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Choreo LLC acquired a new stake in InterDigital during the second quarter worth about $214,000. DekaBank Deutsche Girozentrale increased its holdings in shares of InterDigital by 71.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,258 shares of the Wireless communications provider's stock worth $493,000 after buying an additional 1,779 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of InterDigital by 164.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 117,826 shares of the Wireless communications provider's stock valued at $13,734,000 after buying an additional 73,227 shares during the period. Edgestream Partners L.P. lifted its holdings in InterDigital by 38.7% in the second quarter. Edgestream Partners L.P. now owns 18,533 shares of the Wireless communications provider's stock valued at $2,160,000 after acquiring an additional 5,172 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in InterDigital by 2.0% in the second quarter. Hsbc Holdings PLC now owns 8,461 shares of the Wireless communications provider's stock worth $988,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Trading Up 0.0 %

Shares of InterDigital stock traded up $0.01 on Friday, reaching $171.69. The company had a trading volume of 443,663 shares, compared to its average volume of 434,024. The firm's 50 day moving average price is $190.67 and its two-hundred day moving average price is $156.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08. The firm has a market cap of $4.35 billion, a PE ratio of 18.34, a PEG ratio of 2.11 and a beta of 1.44.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, January 8th. InterDigital's payout ratio is 19.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded InterDigital from a "buy" rating to a "hold" rating in a research report on Monday, November 4th.

Insider Activity at InterDigital

In other InterDigital 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 transaction of $25,506.60. Following the sale, the insider now directly owns 24,138 shares in the company, valued at $4,397,702.22. This represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction on 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 owns 52,997 shares of the company's stock, valued at approximately $10,818,277.61. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,622 shares of company stock worth $2,433,251 in the last three months. 2.30% of the stock is owned by company insiders.

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.