InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Smithfield Trust Co

Smithfield Trust Co trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,070 shares of the Wireless communications provider’s stock after selling 50 shares during the quarter. Smithfield Trust Co’s holdings in InterDigital were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC bought a new stake in shares of InterDigital during the third quarter valued at approximately $257,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of InterDigital in the third quarter worth $568,000. Nisa Investment Advisors LLC increased its holdings in shares of InterDigital by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 233 shares during the period. New York State Teachers Retirement System lifted its holdings in InterDigital by 17.0% in the third quarter. New York State Teachers Retirement System now owns 32,543 shares of the Wireless communications provider’s stock worth $4,609,000 after purchasing an additional 4,737 shares during the period. Finally, Farther Finance Advisors LLC grew its position in InterDigital by 2,713.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,264 shares of the Wireless communications provider’s stock valued at $462,000 after buying an additional 3,148 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Price Performance

NASDAQ IDCC opened at $204.17 on Thursday. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $218.76. The firm has a market capitalization of $5.24 billion, a PE ratio of 16.96, a P/E/G ratio of 1.57 and a beta of 1.44. The company’s 50 day simple moving average is $194.65 and its 200 day simple moving average is $172.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick 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 issued a $0.60 dividend. This is a positive change 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 1.18%. InterDigital’s dividend payout ratio is 19.93%.

Insider Activity

In other news, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now owns 30,537 shares of the company’s stock, valued at $6,550,491.87. The trade was a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the transaction, the chief technology officer now directly owns 52,997 shares in the company, valued at $10,818,277.61. This represents a 1.30 % 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 90 days. 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.