InterDigital, Inc. (NASDAQ:IDCC) Stock Position Raised by Intech Investment Management LLC

Intech Investment Management LLC grew its position in InterDigital, Inc. (NASDAQ:IDCC) by 229.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,979 shares of the Wireless communications provider’s stock after purchasing an additional 68,251 shares during the period. Intech Investment Management LLC owned approximately 0.39% of InterDigital worth $18,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC acquired a new stake in InterDigital during the third quarter valued at approximately $1,427,000. Caprock Group LLC lifted its stake in InterDigital by 8.9% during the third quarter. Caprock Group LLC now owns 3,156 shares of the Wireless communications provider’s stock valued at $447,000 after purchasing an additional 257 shares during the last quarter. Moran Wealth Management LLC lifted its stake in InterDigital by 37.9% during the third quarter. Moran Wealth Management LLC now owns 3,956 shares of the Wireless communications provider’s stock valued at $560,000 after purchasing an additional 1,087 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in InterDigital by 161.1% during the third quarter. Icon Wealth Advisors LLC now owns 9,140 shares of the Wireless communications provider’s stock valued at $1,294,000 after purchasing an additional 5,640 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in InterDigital by 8.9% during the third quarter. Larson Financial Group LLC now owns 1,418 shares of the Wireless communications provider’s stock valued at $201,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 1.2 %

Shares of NASDAQ:IDCC opened at $219.63 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $5.64 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $231.97. The firm has a 50 day simple moving average of $197.52 and a 200 day simple moving average of $177.77.

InterDigital Increases Dividend

The business 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio is currently 19.93%.

Insider Buying and Selling at InterDigital

In other news, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction on 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 in the company, valued at $30,004,266.24. This represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the 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 transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is currently owned by company 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.