InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by South Dakota Investment Council

South Dakota Investment Council cut its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,086 shares of the Wireless communications provider’s stock after selling 3,700 shares during the period. South Dakota Investment Council’s holdings in InterDigital were worth $1,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of InterDigital during the third quarter worth $25,000. Global Retirement Partners LLC lifted its holdings in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 111 shares in the last quarter. Mendota Financial Group LLC boosted its position in InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after buying an additional 290 shares during the last quarter. R Squared Ltd acquired a new stake in shares of InterDigital during the fourth quarter valued at about $70,000. Finally, Nisa Investment Advisors LLC increased its position in shares of InterDigital by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after acquiring an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Trading Down 2.6 %

NASDAQ IDCC opened at $211.40 on Monday. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $218.76. The company’s fifty day moving average price is $192.19 and its two-hundred day moving average price is $169.36.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.45. 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%. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

Insider Buying and Selling

In other news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the sale, the insider now owns 30,537 shares of the company’s stock, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,134 shares of company stock worth $4,678,770. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.