Baird Financial Group Inc. Boosts Stake in InterDigital, Inc. (NASDAQ:IDCC)

Baird Financial Group Inc. lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,951 shares of the Wireless communications provider's stock after buying an additional 10,006 shares during the period. Baird Financial Group Inc. owned approximately 0.52% of InterDigital worth $25,368,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC lifted its position in InterDigital by 13.1% during the 3rd quarter. Tidal Investments LLC now owns 10,923 shares of the Wireless communications provider's stock worth $1,547,000 after acquiring an additional 1,269 shares during the period. GAMMA Investing LLC boosted its position in InterDigital by 41.2% in the fourth quarter. GAMMA Investing LLC now owns 942 shares of the Wireless communications provider's stock valued at $182,000 after buying an additional 275 shares during the last quarter. CWA Asset Management Group LLC boosted its position in InterDigital by 24.4% in the fourth quarter. CWA Asset Management Group LLC now owns 8,847 shares of the Wireless communications provider's stock valued at $1,714,000 after buying an additional 1,734 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in InterDigital by 101.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,686 shares of the Wireless communications provider's stock worth $5,557,000 after buying an additional 14,427 shares during the last quarter. Finally, City Center Advisors LLC acquired a new stake in InterDigital during the 4th quarter valued at approximately $418,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Up 0.9 %

NASDAQ:IDCC opened at $212.85 on Tuesday. 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 company's fifty day moving average price is $205.47 and its 200-day moving average price is $193.58. InterDigital, Inc. has a 1-year low of $103.79 and a 1-year high of $231.97. The firm has a market capitalization of $5.52 billion, a P/E ratio of 17.68, a PEG ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

Insider Activity

In related news, insider Eeva K. Hakoranta sold 350 shares of the business'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 completion of the transaction, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the firm'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 sale, the chief financial officer now owns 102,555 shares in the company, 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 sold a total of 13,833 shares of company stock valued at $2,938,660 in the last quarter. 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.

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