Richard Brezski Sells 9,602 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

InterDigital Trading Down 2.6 %

NASDAQ:IDCC opened at $211.40 on Friday. InterDigital, Inc. has a one year low of $95.33 and a one year high of $218.76. 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 firm has a market cap of $5.43 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.57 and a beta of 1.44. The firm has a 50-day simple moving average of $192.19 and a 200-day simple moving average of $168.91.

InterDigital Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is currently 14.95%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On InterDigital

Large investors have recently modified their holdings of the business. Transcendent Capital Group LLC bought a new stake in shares of InterDigital in the 3rd quarter valued at about $25,000. Global Retirement Partners LLC raised its holdings in shares of InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 111 shares in the last quarter. Elequin Capital LP bought a new position in shares of InterDigital during the 4th quarter worth approximately $29,000. Prudent Man Investment Management Inc. bought a new position in shares of InterDigital during the 4th quarter worth approximately $39,000. Finally, Mendota Financial Group LLC raised its stake in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

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.