Inceptionr LLC Invests $387,000 in InterDigital, Inc. (NASDAQ:IDCC)

Inceptionr LLC purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,996 shares of the Wireless communications provider’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN lifted its holdings in InterDigital by 3.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock valued at $160,441,000 after buying an additional 39,891 shares during the period. Geode Capital Management LLC lifted its holdings in InterDigital by 0.7% in the third quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after buying an additional 3,975 shares during the period. Reinhart Partners LLC. lifted its holdings in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after buying an additional 164,223 shares during the period. Congress Asset Management Co. acquired a new position in InterDigital in the fourth quarter valued at $62,583,000. Finally, Wellington Management Group LLP lifted its holdings in InterDigital by 6.0% in the third quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider’s stock valued at $22,052,000 after buying an additional 8,824 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the completion of the sale, the chief executive officer now directly owns 158,652 shares of the company’s stock, valued at approximately $30,004,266.24. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,134 shares of company stock valued at $4,678,770. Corporate insiders own 2.30% of the company’s stock.

InterDigital Price Performance

IDCC stock opened at $215.28 on Friday. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.57 and a beta of 1.45. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.96. The company’s fifty day simple moving average is $195.60 and its 200 day simple moving average is $174.20.

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 issued a $0.60 dividend. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.11%. InterDigital’s payout ratio is presently 19.93%.

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.