InterDigital, Inc. (NASDAQ:IDCC) Insider Sells $388,258.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 1,781 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the transaction, the insider now owns 24,395 shares of the company’s stock, valued at $5,318,110. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

InterDigital Stock Performance

Shares of IDCC stock opened at $217.35 on Friday. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. 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 of $199.97 and a 200 day moving average of $179.77. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $231.97.

InterDigital Increases Dividend

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

Hedge Funds Weigh In On InterDigital

A number of institutional investors have recently modified their holdings of IDCC. Global Retirement Partners LLC raised its stake in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 111 shares during the last quarter. Elequin Capital LP purchased a new position in shares of InterDigital in the 4th quarter valued at about $29,000. Prudent Man Investment Management Inc. purchased a new position in shares of InterDigital in the 4th quarter valued at about $39,000. Mendota Financial Group LLC increased its stake in shares of InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of InterDigital in the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.