Teachers Retirement System of The State of Kentucky Sells 1,660 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,195 shares of the Wireless communications provider's stock after selling 1,660 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in InterDigital were worth $1,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC boosted its position in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after buying an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in InterDigital in the fourth quarter worth about $39,000. Mendota Financial Group LLC raised its holdings in InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd acquired a new position in InterDigital during the 4th quarter valued at about $70,000. Finally, Transce3nd LLC bought a new position in shares of InterDigital in the 4th quarter valued at about $110,000. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction dated 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 owns 52,396 shares in the company, valued at approximately $9,693,260. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,833 shares of company stock worth $2,938,660. Insiders own 2.30% of the company's stock.

InterDigital Stock Up 1.1 %

Shares of NASDAQ:IDCC opened at $193.75 on Friday. 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 cap of $4.98 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a 50 day moving average of $206.51 and a 200-day moving average of $191.27. InterDigital, Inc. has a one year low of $97.51 and a one year high of $231.97.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a dividend of $0.60 per share. This is a boost from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. InterDigital's payout ratio is presently 19.93%.

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.

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