Uniplan Investment Counsel Inc. Sells 3,887 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Uniplan Investment Counsel Inc. trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,903 shares of the Wireless communications provider's stock after selling 3,887 shares during the quarter. InterDigital comprises 1.1% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 25th biggest holding. Uniplan Investment Counsel Inc. owned about 0.24% of InterDigital worth $11,992,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IDCC. Congress Asset Management Co. bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $62,583,000. Reinhart Partners LLC. raised its position in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after acquiring an additional 164,223 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of InterDigital during the fourth quarter worth $19,572,000. Norges Bank acquired a new position in shares of InterDigital during the fourth quarter valued at $17,387,000. Finally, Boston Partners boosted its holdings in InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after acquiring an additional 83,794 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Trading Up 1.1 %

NASDAQ:IDCC traded up $2.09 on Friday, hitting $193.75. 166,359 shares of the stock were exchanged, compared to its average volume of 410,013. The stock has a market capitalization 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 debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a 52 week low of $97.51 and a 52 week high of $231.97. The company's 50-day moving average price is $206.51 and its 200 day moving average price is $190.97.

InterDigital Increases Dividend

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

Insiders Place Their Bets

In other news, insider Joshua D. Schmidt sold 1,781 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the sale, the insider now directly owns 24,395 shares of the company's stock, valued at $5,318,110. This represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the sale, the chief technology officer now owns 78,161 shares in the company, valued at $14,149,485.83. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,833 shares of company stock valued at $2,938,660. Company insiders own 2.30% of the company's stock.

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.