Lawrence Liren Chen Sells 5,891 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the transaction, the chief executive officer now owns 164,543 shares in the company, valued at $32,141,829.62. The trade was a 3.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

InterDigital Trading Up 0.2 %

IDCC opened at $189.43 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $203.90. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 0.81 and a beta of 1.44. The company has a 50-day simple moving average of $178.14 and a 200 day simple moving average of $146.45.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.95%. InterDigital’s dividend payout ratio is 19.23%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Roth Mkm lifted their price target on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of InterDigital in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC bought a new stake in shares of InterDigital during the 3rd quarter worth $26,000. 1620 Investment Advisors Inc. acquired a new stake in InterDigital in the second quarter valued at about $29,000. Nisa Investment Advisors LLC boosted its stake in InterDigital by 38.0% in the second quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 109 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in InterDigital by 81.3% in the third quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock valued at $94,000 after acquiring an additional 299 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.