InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Trek Financial LLC

Trek Financial LLC cut its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,832 shares of the Wireless communications provider's stock after selling 9,487 shares during the quarter. Trek Financial LLC owned approximately 0.07% of InterDigital worth $3,648,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased 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 buying an additional 68 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of InterDigital in the 3rd quarter valued at about $234,000. Wellington Management Group LLP raised its position in shares of InterDigital by 6.0% during the 3rd quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider's stock worth $22,052,000 after acquiring an additional 8,824 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in InterDigital during the third quarter worth approximately $380,000. Finally, LRI Investments LLC acquired a new position in InterDigital in the third quarter valued at approximately $129,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Down 0.6 %

InterDigital stock traded down $1.28 during mid-day trading on Friday, hitting $201.27. The company had a trading volume of 105,320 shares, compared to its average volume of 414,783. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 1 year low of $95.36 and a 1 year high of $231.97. The business has a fifty day moving average of $209.30 and a 200 day moving average of $187.38. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.57 and a beta of 1.44.

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InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.19%. 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 dividend payout ratio is currently 19.93%.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $9,693,260. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,833 shares of company stock valued at $2,938,660 in the last three months. 2.30% of the stock is currently owned by company insiders.

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.