Key Financial Inc Has $983,000 Stake in InterDigital, Inc. (NASDAQ:IDCC)

Key Financial Inc trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,074 shares of the Wireless communications provider’s stock after selling 1,326 shares during the period. Key Financial Inc’s holdings in InterDigital were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in InterDigital during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new position in shares of InterDigital in the third quarter valued at $26,000. Mendota Financial Group LLC increased its holdings in shares of InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd acquired a new position in shares of InterDigital in the fourth quarter valued at $70,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of InterDigital by 58.8% in 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 last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

InterDigital Stock Down 0.3 %

NASDAQ:IDCC opened at $214.29 on Tuesday. The firm’s 50 day simple moving average is $190.50 and its 200 day simple moving average is $167.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.70 and a quick ratio of 1.62. InterDigital, Inc. has a one year low of $95.33 and a one year high of $216.00. The company has a market cap of $5.43 billion, a PE ratio of 17.80, a P/E/G ratio of 2.41 and a beta of 1.44.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.12%. InterDigital’s dividend payout ratio (DPR) is currently 14.95%.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the transaction, the chief executive officer now owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,182 shares of company stock worth $2,537,245. 2.30% of the stock is currently owned by 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.