InterDigital, Inc. (NASDAQ:IDCC) CEO Sells $1,150,747.94 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the completion of the sale, the chief executive officer now directly owns 164,543 shares of the company’s stock, valued at $32,141,829.62. The trade was a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

InterDigital Price Performance

Shares of IDCC opened at $189.43 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $177.46 and its two-hundred day moving average is $145.93. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $203.90. The firm has a market capitalization of $4.80 billion, a PE ratio of 20.24, a P/E/G ratio of 0.81 and a beta of 1.44.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.95%. The ex-dividend date is Wednesday, January 8th. InterDigital’s payout ratio is 19.23%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IDCC shares. StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Roth Mkm lifted their price objective on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

Institutional Investors Weigh In On InterDigital

Several institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC purchased a new position in shares of InterDigital in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of InterDigital during the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. acquired a new stake in shares of InterDigital in the 2nd quarter worth approximately $29,000. Nisa Investment Advisors LLC increased its stake in InterDigital by 38.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 109 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in InterDigital by 81.3% during the third quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock worth $94,000 after purchasing an additional 299 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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.