Illinois Municipal Retirement Fund Sells 183 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Illinois Municipal Retirement Fund lessened its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,504 shares of the Wireless communications provider’s stock after selling 183 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in InterDigital were worth $2,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of 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 buying an additional 111 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in InterDigital in the third quarter valued at approximately $25,000. Mendota Financial Group LLC lifted its position in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after acquiring an additional 290 shares during the period. R Squared Ltd bought a new position in shares of InterDigital during the 4th quarter worth about $70,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of InterDigital by 58.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Trading Up 0.2 %

Shares of IDCC opened at $209.91 on Friday. The business has a 50-day moving average of $193.54 and a 200 day moving average of $170.90. The firm has a market cap of $5.39 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $218.76. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.60 dividend. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is 19.93%.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total transaction of $129,500.00. Following the completion of the transaction, the chief technology officer now owns 52,396 shares in the company, valued at approximately $9,693,260. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,134 shares of company stock worth $4,678,770 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.