Aurora Investment Counsel Takes $1.17 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Aurora Investment Counsel bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, HoldingsChannel reports. The firm bought 6,043 shares of the Wireless communications provider’s stock, valued at approximately $1,171,000.

Other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. bought a new position in shares of InterDigital in the 4th quarter worth about $62,583,000. Reinhart Partners LLC. grew its stake in 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 purchasing an additional 164,223 shares during the period. Raymond James Financial Inc. bought a new stake in InterDigital in the fourth quarter worth approximately $9,040,000. Disciplined Growth Investors Inc. MN lifted its stake in InterDigital by 3.6% in 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 buying an additional 39,891 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in shares of InterDigital during the 4th quarter worth approximately $7,062,000. Institutional investors own 99.83% of the company’s stock.

Insider Activity

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the transaction, the chief executive officer now owns 158,652 shares of the company’s stock, valued at $30,004,266.24. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,134 shares of company stock worth $4,678,770. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC stock opened at $208.23 on Friday. The firm has a 50 day moving average of $196.65 and a 200-day moving average of $175.80. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $231.96.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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. This represents a $2.40 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s payout ratio is 19.93%.

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.