Hussman Strategic Advisors Inc. Sells 14,700 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Hussman Strategic Advisors Inc. lowered its stake in InterDigital, Inc. (NASDAQ:IDCC) by 58.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,500 shares of the Wireless communications provider’s stock after selling 14,700 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in InterDigital were worth $2,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. One Wealth Advisors LLC boosted its stake in InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock worth $697,000 after purchasing an additional 64 shares during the period. Savant Capital LLC boosted its stake in InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock worth $461,000 after purchasing an additional 64 shares during the period. Captrust Financial Advisors boosted its stake in InterDigital by 0.5% in the 3rd 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 period. Louisiana State Employees Retirement System boosted its stake in InterDigital by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock worth $2,383,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. boosted its stake in InterDigital by 9.4% in the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock worth $166,000 after purchasing an additional 101 shares during the period. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $217.28 on Thursday. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.55 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $218.20. The stock’s 50-day moving average is $191.43 and its 200 day moving average is $168.04.

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 issued a dividend of $0.60 per share. 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 dividend payout ratio (DPR) is currently 14.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insider Activity at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the transaction, the chief executive officer now directly owns 158,652 shares of the company’s stock, valued at approximately $30,004,266.24. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were 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 approximately $9,693,260. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,182 shares of company stock valued at $2,537,245. Corporate insiders own 2.30% of the company’s stock.

InterDigital 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.