Rajesh Pankaj Sells 700 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the sale, the chief technology officer now owns 71,606 shares in the company, valued at $15,615,836.48. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rajesh Pankaj also recently made the following trade(s):

• On Wednesday, February 5th, Rajesh Pankaj sold 700 shares of InterDigital stock. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00.
• On Monday, January 6th, Rajesh Pankaj sold 700 shares of InterDigital stock. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00.

InterDigital Stock Down 0.8 %

Shares of IDCC stock opened at $217.35 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $231.97. The firm’s fifty day moving average price is $199.97 and its two-hundred day moving average price is $179.77. The firm has a market capitalization of $5.58 billion, a P/E ratio of 18.05, a PEG ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s payout ratio is presently 19.93%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IDCC. Congress Asset Management Co. acquired a new position in shares of InterDigital during the 4th quarter worth about $62,583,000. Price T Rowe Associates Inc. MD increased its stake in shares of InterDigital by 1,451.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider’s stock worth $57,986,000 after purchasing an additional 280,030 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Millennium Management LLC increased its stake in shares of InterDigital by 3,962.5% during the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider’s stock worth $24,947,000 after purchasing an additional 125,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of InterDigital during the 4th quarter worth about $19,572,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.