Aquatic Capital Management LLC Sells 9,994 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Aquatic Capital Management LLC reduced its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 66.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,132 shares of the Wireless communications provider's stock after selling 9,994 shares during the period. Aquatic Capital Management LLC's holdings in InterDigital were worth $994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC raised its position 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 in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of InterDigital in the fourth quarter valued at approximately $39,000. Mendota Financial Group LLC increased its holdings in shares of InterDigital by 14,500.0% in the fourth 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 last quarter. R Squared Ltd bought a new position in InterDigital in the 4th quarter valued at about $70,000. Finally, Transce3nd LLC acquired a new stake in InterDigital during the 4th quarter worth approximately $110,000. 99.83% of the stock is owned by institutional investors.

InterDigital Stock Performance

Shares of NASDAQ:IDCC traded down $0.26 on Tuesday, reaching $212.59. 65,372 shares of the company's stock were exchanged, compared to its average volume of 405,048. The company has a fifty day moving average of $205.47 and a 200-day moving average of $193.58. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 1.57 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 twelve month low of $103.79 and a twelve month high of $231.97.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio is presently 19.93%.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the sale, the chief technology officer now owns 78,161 shares of the company's stock, valued at $14,149,485.83. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the transaction, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,833 shares of company stock valued at $2,938,660. 2.30% of the stock is currently owned by company insiders.

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.