Barclays PLC Cuts Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Barclays PLC reduced its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 92.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,096 shares of the Wireless communications provider's stock after selling 953,898 shares during the period. Barclays PLC owned about 0.30% of InterDigital worth $14,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IDCC. Peninsula Wealth LLC purchased a new stake in shares of InterDigital during the fourth quarter worth about $230,000. Summit Investment Advisors Inc. grew its position in shares of InterDigital by 3.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock worth $513,000 after buying an additional 83 shares during the last quarter. Optimize Financial Inc bought a new stake in shares of InterDigital in the 4th quarter worth approximately $1,369,000. Townsquare Capital LLC purchased a new position in shares of InterDigital during the fourth quarter valued at approximately $3,204,000. Finally, Covestor Ltd raised its holdings in shares of InterDigital by 57.6% during the fourth quarter. Covestor Ltd now owns 1,453 shares of the Wireless communications provider's stock valued at $282,000 after acquiring an additional 531 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Trading Up 0.9 %

NASDAQ:IDCC traded up $1.68 during trading hours on Friday, hitting $193.34. The company had a trading volume of 38,306 shares, compared to its average volume of 409,011. 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 stock has a 50-day moving average price of $206.98 and a 200 day moving average price of $190.64. The company has a market capitalization of $4.97 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 52 week low of $97.51 and a 52 week high of $231.97.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.60 per share. This is a positive change from InterDigital's previous quarterly dividend of $0.45. 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 1.24%. InterDigital's payout ratio is presently 19.93%.

Insider Activity at InterDigital

In related news, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was 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 approximately $9,693,260. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,833 shares of company stock worth $2,938,660 over the last 90 days. 2.30% of the stock is 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.