Insider Selling: InterDigital, Inc. (NASDAQ:IDCC) Director Sells 519 Shares of Stock

InterDigital, Inc. (NASDAQ:IDCC) Director John A. Kritzmacher sold 519 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the transaction, the director now owns 19,774 shares of the company’s stock, valued at $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

InterDigital Stock Down 0.0%

Shares of NASDAQ:IDCC opened at $221.84 on Friday. The firm has a market capitalization of $5.75 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 1 year low of $114.56 and a 1 year high of $231.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s 50-day moving average is $208.82 and its two-hundred day moving average is $202.38.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.08%. InterDigital’s payout ratio is currently 19.03%.

Hedge Funds Weigh In On InterDigital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDCC. Amundi boosted its holdings in InterDigital by 57.0% in the fourth quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock valued at $3,989,000 after purchasing an additional 7,586 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in InterDigital by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider’s stock valued at $808,000 after purchasing an additional 160 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of InterDigital by 0.9% in the 4th quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider’s stock valued at $14,646,000 after buying an additional 646 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock valued at $129,000 after buying an additional 617 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of InterDigital by 29.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider’s stock worth $378,000 after buying an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.