Inspire Advisors LLC Invests $3.15 Million in InterDigital, Inc. (NASDAQ:IDCC)

Inspire Advisors LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, Holdings Channel reports. The fund acquired 16,238 shares of the Wireless communications provider’s stock, valued at approximately $3,146,000. InterDigital comprises approximately 0.4% of Inspire Advisors LLC’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also recently modified their holdings of IDCC. Transcendent Capital Group LLC bought a new position in shares of InterDigital during the 3rd quarter valued at approximately $25,000. Global Retirement Partners LLC increased 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 valued at $26,000 after purchasing an additional 111 shares during the last quarter. Mendota Financial Group LLC increased its position 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 valued at $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd bought a new position in shares of InterDigital during the 4th quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC increased its position in shares of InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock valued at $121,000 after purchasing an additional 511 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

NASDAQ IDCC opened at $210.54 on Tuesday. The company has a market cap of $5.41 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.57 and a beta of 1.45. 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 business’s 50 day moving average price is $195.89 and its 200-day moving average price is $175.00. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.96.

InterDigital Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is currently 19.93%.

Insider Activity

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now owns 30,537 shares of the company’s stock, valued at $6,550,491.87. This represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 102,555 shares in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,134 shares of company stock valued at $4,678,770. 2.30% of the stock is currently owned by insiders.

InterDigital 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.