InterDigital, Inc. (NASDAQ:IDCC) Insider Eeva K. Hakoranta Sells 350 Shares

InterDigital, Inc. (NASDAQ:IDCC) insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $217.00 on Friday. The stock has a market capitalization of $5.57 billion, a PE ratio of 18.02, a P/E/G ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $218.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The business has a fifty day moving average price of $191.85 and a two-hundred day moving average price of $168.38.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio is presently 14.95%.

Hedge Funds Weigh In On InterDigital

Several hedge funds have recently bought and sold shares of the company. CWM LLC boosted its position in shares of InterDigital by 34.0% during the 3rd quarter. CWM LLC now owns 851 shares of the Wireless communications provider’s stock worth $121,000 after acquiring an additional 216 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of InterDigital by 9.4% in the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock valued at $166,000 after purchasing an additional 101 shares in the last quarter. Raymond James & Associates increased its stake in shares of InterDigital by 3.2% in the 3rd quarter. Raymond James & Associates now owns 35,359 shares of the Wireless communications provider’s stock valued at $5,008,000 after purchasing an additional 1,099 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of InterDigital by 151.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,713 shares of the Wireless communications provider’s stock worth $8,032,000 after buying an additional 34,171 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of InterDigital during the 3rd quarter worth $257,000. 99.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

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.