InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 29.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,784 shares of the Wireless communications provider’s stock after purchasing an additional 3,096 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of InterDigital worth $2,670,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of IDCC. One Wealth Advisors LLC raised its position in shares of InterDigital by 1.8% during the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock worth $697,000 after buying an additional 64 shares in the last quarter. Savant Capital LLC raised its stake in shares of 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 buying an additional 64 shares in the last quarter. Captrust Financial Advisors lifted its holdings 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 valued at $1,965,000 after buying an additional 68 shares during the period. Louisiana State Employees Retirement System boosted its stake in InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after buying an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on 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 in the company, valued at $15,615,836.48. The trade was a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now directly owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, 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 Stock Performance

NASDAQ:IDCC opened at $225.72 on Wednesday. The company has a 50-day moving average of $201.77 and a 200-day moving average of $181.37. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. 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 twelve month low of $95.33 and a twelve month high of $231.97.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.60 dividend. 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 1.06%. InterDigital’s payout ratio is 19.93%.

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.