Vanguard Group Inc. Sells 11,604 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Vanguard Group Inc. lowered its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,299,909 shares of the Wireless communications provider's stock after selling 11,604 shares during the quarter. Vanguard Group Inc. owned about 13.02% of InterDigital worth $639,258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners boosted its holdings in shares of InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after buying an additional 83,794 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in InterDigital by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider's stock valued at $160,441,000 after acquiring an additional 39,891 shares during the period. Geode Capital Management LLC boosted its holdings in InterDigital by 0.7% during the third quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider's stock valued at $83,968,000 after acquiring an additional 3,975 shares during the period. Reinhart Partners LLC. grew its position in shares of InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock valued at $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Finally, Congress Asset Management Co. bought a new position in shares of InterDigital in the fourth quarter worth about $62,583,000. Institutional investors and hedge funds own 99.83% of the company's stock.

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InterDigital Stock Performance

NASDAQ:IDCC traded down $6.76 during mid-day trading on Friday, hitting $191.31. 635,276 shares of the company's stock traded hands, compared to its average volume of 415,281. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The firm has a 50 day moving average of $207.18 and a two-hundred day moving average of $184.82. 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, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This is an increase from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

Insider Activity at InterDigital

In other news, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the sale, the insider now owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the completion of the transaction, the chief technology officer now owns 71,606 shares of the company's stock, valued at $15,615,836.48. The trade was a 0.97 % 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 worth $2,954,830 in the last ninety days. 2.30% of the stock is currently owned by insiders.

About InterDigital

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.