InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Strid Group LLC

Strid Group LLC decreased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,215 shares of the Wireless communications provider's stock after selling 3,901 shares during the period. InterDigital accounts for approximately 0.8% of Strid Group LLC's holdings, making the stock its 15th biggest holding. Strid Group LLC owned about 0.10% of InterDigital worth $4,885,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in InterDigital by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 14,093 shares of the Wireless communications provider's stock valued at $1,643,000 after buying an additional 153 shares in the last quarter. Truist Financial Corp boosted its position in InterDigital by 1.5% during the 2nd quarter. Truist Financial Corp now owns 22,149 shares of the Wireless communications provider's stock worth $2,582,000 after acquiring an additional 322 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of InterDigital during the 2nd quarter worth approximately $596,000. SG Americas Securities LLC acquired a new stake in shares of InterDigital in the third quarter valued at approximately $417,000. Finally, Handelsbanken Fonder AB lifted its position in shares of InterDigital by 29.5% in the third quarter. Handelsbanken Fonder AB now owns 7,030 shares of the Wireless communications provider's stock worth $996,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Trading Up 1.2 %

Shares of NASDAQ IDCC traded up $2.52 during trading on Wednesday, reaching $210.14. The company had a trading volume of 398,230 shares, compared to its average volume of 407,308. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $213.38. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.32 billion, a P/E ratio of 17.45, a PEG ratio of 2.41 and a beta of 1.44. The company's fifty day moving average price is $189.29 and its 200-day moving average price is $164.97.

InterDigital Increases Dividend

The firm 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 is an increase from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital's payout ratio is presently 14.95%.

Insider Buying and Selling at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the sale, the chief executive officer now owns 164,543 shares of the company's stock, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joshua D. Schmidt sold 140 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares in the company, valued at $4,397,702.22. This represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,322 shares of company stock valued at $2,562,751. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

InterDigital 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.