Fox Run Management L.L.C. Purchases New Shares in InterDigital, Inc. (NASDAQ:IDCC)

Fox Run Management L.L.C. acquired a new position in InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,772 shares of the Wireless communications provider’s stock, valued at approximately $343,000.

Several other large investors also recently made changes to their positions in the business. Congress Asset Management Co. acquired a new position in InterDigital during the 4th quarter worth $62,583,000. Reinhart Partners LLC. lifted its stake in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after acquiring an additional 164,223 shares during the period. Boston Partners boosted its holdings in InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock valued at $311,654,000 after acquiring an additional 83,794 shares during the last quarter. Intech Investment Management LLC increased its position in InterDigital by 229.6% in the fourth quarter. Intech Investment Management LLC now owns 97,979 shares of the Wireless communications provider’s stock worth $18,980,000 after purchasing an additional 68,251 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in InterDigital during the 4th quarter worth about $9,040,000. Institutional investors own 99.83% of the company’s stock.

Insider Activity at InterDigital

In related news, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now directly owns 71,606 shares of the company’s stock, valued at $15,615,836.48. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,833 shares of company stock worth $2,954,830. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Down 1.4 %

IDCC opened at $222.60 on Thursday. The firm has a 50 day simple moving average of $202.71 and a 200 day simple moving average of $181.66. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.97. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 18.49, 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.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.08%. InterDigital’s dividend payout ratio (DPR) 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.