SBI Securities Co. Ltd. Makes New Investment in InterDigital, Inc. (NASDAQ:IDCC)

SBI Securities Co. Ltd. bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,603 shares of the Wireless communications provider's stock, valued at approximately $504,000.

Other hedge funds have also modified their holdings of the company. One Wealth Advisors LLC grew its holdings in shares of InterDigital by 1.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock worth $697,000 after buying an additional 64 shares in the last quarter. Savant Capital LLC boosted its position in shares of InterDigital by 2.8% in the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock worth $461,000 after acquiring an additional 64 shares during the last quarter. Captrust Financial Advisors grew its holdings in InterDigital by 0.5% in the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider's stock valued at $1,965,000 after purchasing an additional 68 shares during the period. Louisiana State Employees Retirement System increased its position in InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock worth $2,383,000 after purchasing an additional 100 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 111 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

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InterDigital Trading Up 2.7 %

Shares of IDCC traded up $5.76 during mid-day trading on Friday, reaching $215.28. The company had a trading volume of 449,437 shares, compared to its average volume of 391,904. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.96. The firm has a fifty day simple moving average of $195.19 and a 200-day simple moving average of $173.36. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is 19.93%.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the sale, the chief technology officer now directly owns 52,396 shares in the company, valued at approximately $9,693,260. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the transaction, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,134 shares of company stock worth $4,678,770 over the last three months. 2.30% of the stock is owned by insiders.

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.