Assetmark Inc. Has $3.51 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Assetmark Inc. decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,124 shares of the Wireless communications provider’s stock after selling 853 shares during the quarter. Assetmark Inc. owned approximately 0.07% of InterDigital worth $3,511,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IDCC. Global Retirement Partners LLC lifted its stake 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 valued at $26,000 after purchasing an additional 111 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of InterDigital in the 3rd quarter valued at $25,000. Mendota Financial Group LLC lifted 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 during the period. R Squared Ltd acquired a new position in shares of InterDigital in the 4th quarter valued at $70,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock valued at $121,000 after purchasing an additional 511 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Performance

IDCC stock opened at $215.28 on Monday. The business’s fifty day moving average is $195.60 and its 200-day moving average is $174.46. 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 company has a market cap of $5.53 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $231.96.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio is 19.93%.

Insider Activity

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the completion of the sale, the chief executive officer now owns 158,652 shares in the company, valued at $30,004,266.24. This represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 23,134 shares of company stock valued at $4,678,770 in the last 90 days. 2.30% of the stock is owned by company 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.