New Age Alpha Advisors LLC Purchases Shares of 1,883 InterDigital, Inc. (NASDAQ:IDCC)

New Age Alpha Advisors LLC purchased a new position in InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,883 shares of the Wireless communications provider’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in InterDigital by 18.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,799 shares of the Wireless communications provider’s stock worth $963,000 after acquiring an additional 1,041 shares during the last quarter. Captrust Financial Advisors increased its position in shares of InterDigital by 0.5% in the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after purchasing an additional 68 shares during the last quarter. Verition Fund Management LLC lifted its position in InterDigital by 404.1% during the third quarter. Verition Fund Management LLC now owns 17,937 shares of the Wireless communications provider’s stock valued at $2,540,000 after purchasing an additional 14,379 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in InterDigital in the 3rd quarter worth approximately $234,000. Finally, Wellington Management Group LLP increased its holdings in shares of InterDigital by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider’s stock worth $22,052,000 after buying an additional 8,824 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

NASDAQ IDCC opened at $204.93 on Wednesday. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97. The company has a fifty day moving average of $205.71 and a 200-day moving average of $184.16. The company has a market capitalization of $5.26 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.17%. InterDigital’s dividend payout ratio is 19.93%.

Insider Activity at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the transaction, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,833 shares of company stock valued at $2,954,830. Corporate insiders own 2.30% 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.