BI Asset Management Fondsmaeglerselskab A S Lowers Position in InterDigital, Inc. (NASDAQ:IDCC)

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,513 shares of the Wireless communications provider's stock after selling 37,161 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.28% of InterDigital worth $13,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of IDCC. First Trust Advisors LP boosted its position in shares of InterDigital by 14.1% in the 4th quarter. First Trust Advisors LP now owns 103,295 shares of the Wireless communications provider's stock worth $20,010,000 after purchasing an additional 12,804 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of InterDigital by 488.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,842 shares of the Wireless communications provider's stock valued at $551,000 after acquiring an additional 2,359 shares in the last quarter. EAM Investors LLC purchased a new position in shares of InterDigital in the 4th quarter worth about $5,504,000. XTX Topco Ltd bought a new position in InterDigital in the 4th quarter worth about $2,052,000. Finally, Peninsula Wealth LLC purchased a new stake in InterDigital during the 4th quarter valued at about $230,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Up 0.4 %

Shares of IDCC traded up $0.78 on Friday, hitting $192.44. 53,865 shares of the stock traded hands, compared to its average volume of 409,091. InterDigital, Inc. has a one year low of $97.51 and a one year high of $231.97. The company has a market capitalization of $4.94 billion, a PE ratio of 16.01, a P/E/G ratio of 1.57 and a beta of 1.44. The business has a 50 day simple moving average of $206.98 and a 200 day simple moving average of $190.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a $0.60 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is currently 19.93%.

Insider Activity

In related news, CFO Richard Brezski sold 9,602 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total transaction of $129,500.00. Following the completion of the sale, the chief technology officer now directly 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 a total of 13,833 shares of company stock valued at $2,938,660 over the last ninety days. 2.30% of the stock is currently owned by corporate 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.