Jackson Creek Investment Advisors LLC Decreases Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Jackson Creek Investment Advisors LLC lowered its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 35.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,754 shares of the Wireless communications provider’s stock after selling 4,727 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in InterDigital were worth $1,696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in InterDigital in the third quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its position in shares of InterDigital by 504.5% during 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 during the last quarter. Mendota Financial Group LLC boosted its holdings in shares of 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 in the last quarter. R Squared Ltd purchased a new position in shares of InterDigital in the 4th quarter valued at $70,000. Finally, Nisa Investment Advisors LLC raised its stake in InterDigital by 58.8% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling

In related news, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction 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 in the company, valued at $6,550,491.87. This represents a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the sale, the chief financial officer now owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,134 shares of company stock worth $4,678,770 in the last quarter. 2.30% of the stock is owned by insiders.

InterDigital Price Performance

Shares of IDCC opened at $209.52 on Friday. The firm has a fifty day moving average price of $194.89 and a 200 day moving average price of $173.11. The stock has a market cap of $5.38 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $231.97. 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 Increases Dividend

The company 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 $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.15%. InterDigital’s dividend payout ratio is 19.93%.

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.