InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. grew its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 17.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,722 shares of the Wireless communications provider’s stock after purchasing an additional 261 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in InterDigital were worth $334,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. One Wealth Advisors LLC increased its position in shares of InterDigital by 1.8% during the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after purchasing an additional 64 shares during the period. Savant Capital LLC increased its position in shares of InterDigital by 2.8% during the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after purchasing an additional 64 shares during the period. Captrust Financial Advisors increased its position in shares of InterDigital by 0.5% during the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after purchasing an additional 68 shares during the period. Louisiana State Employees Retirement System increased its position in shares of InterDigital by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after purchasing an additional 100 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in shares of InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $219.14 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.57 and a beta of 1.45. The stock’s fifty day simple moving average is $199.33 and its 200 day simple moving average is $178.92. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97.

InterDigital Increases Dividend

The business 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 represents a $2.40 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital’s payout ratio is presently 19.93%.

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the transaction, the chief technology officer now directly owns 52,396 shares in the company, valued at $9,693,260. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction on Tuesday, February 18th. The stock was 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 owns 102,555 shares in the company, valued at $22,070,861.55. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,024 shares of company stock worth $3,916,280 in the last three months. 2.30% of the stock is currently owned by insiders.

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.