XTX Topco Ltd bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,595 shares of the Wireless communications provider's stock, valued at approximately $2,052,000.
Several other hedge funds and other institutional investors have also modified their holdings of IDCC. Global Retirement Partners LLC increased its position in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 111 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of InterDigital during the fourth quarter worth approximately $39,000. Mendota Financial Group LLC raised its position in shares of InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after buying an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in shares of InterDigital in the fourth quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC grew its position in InterDigital by 468.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after buying an additional 511 shares in the last quarter. Institutional investors own 99.83% of the company's stock.
InterDigital Price Performance
NASDAQ IDCC traded down $7.71 during midday trading on Friday, hitting $189.27. The company had a trading volume of 328,595 shares, compared to its average volume of 413,180. The company has a market capitalization of $4.86 billion, a PE ratio of 15.72, a P/E/G ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a twelve month low of $95.36 and a twelve month high of $231.97. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $208.98 and a 200-day moving average price of $189.41.
InterDigital Increases Dividend
The company 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.27%. This is an increase from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital's dividend payout ratio is presently 19.93%.
Insider Buying and Selling at InterDigital
In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now directly owns 71,606 shares of the company's stock, valued at $15,615,836.48. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock valued at $2,938,660 in the last ninety days. 2.30% of the stock is currently owned by company insiders.
InterDigital Profile
(
Free Report)
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.
See Also
Before you consider InterDigital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterDigital wasn't on the list.
While InterDigital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
