2 weeks Ago By Defense World Staff
Cerity Partners LLC cut its stake in InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 1,347 shares of the Wireless communications provider’s stock after selling 277 shares during the period. Cerity Partners LLC’s holdings in InterDigital were worth $261,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds have also modified their holdings of IDCC.
Russell Investments Group Ltd. grew its holdings in shares of InterDigital by 1.8% in the 4th quarter.
Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock valued at $568,000 after acquiring an additional 51 shares in the last quarter. One Wealth Advisors LLC lifted its position in shares of InterDigital by 1.
8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after buying an additional 64 shares during the last quarter. Savant Capital LLC boosted its position in InterDigital by 2.
8% during the fourth 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. Louisiana State Employees Retirement System boosted its holdings in shares of InterDigital by 0.
8% during 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 buying an additional 100 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of InterDigital by 504.
5% in the fourth 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 last quarter. 99.
83% of the stock is currently owned by institutional investors. Insider Buying and Selling at InterDigitalIn other news, CFO Richard Brezski sold 9,602 shares of the firm’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 sale, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.
55. This trade represents a 8.56 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $185.
00, for a total value of $129,500.00. Following the completion of the transaction, the chief technology officer now owns 52,396 shares of the company’s stock, valued at $9,693,260.
The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders sold 13,833 shares of company stock valued at $2,938,660 in the last three months. Corporate insiders own 2.30% of the company’s stock.
InterDigital Stock PerformanceNASDAQ:IDCC opened at $191.66 on Friday. InterDigital, Inc.
has a 1-year low of $97.51 and a 1-year high of $231.97.
The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.
02. The stock has a market cap of $4.92 billion, a P/E ratio of 15.
92, a PEG ratio of 1.57 and a beta of 1.44.
The stock has a 50 day simple moving average of $206.98 and a 200 day simple moving average of $190.64.
InterDigital Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a dividend of $0.60 per share.
This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%.
The ex-dividend date was Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45.
InterDigital’s dividend payout ratio is presently 19.93%. About InterDigital (Free Report)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.Read MoreFive stocks we like better than InterDigitalHow to Invest in the FAANG Stocks2 Strong Utilities Plays With Booming Earnings and Room to GrowAirline Stocks – Top Airline Stocks to Buy NowWhy Smart Investors Don’t Panic in Election SeasonDividend Payout Ratio CalculatorNow Is the Time to Buy ServiceNow—The Rebound Is Real.
