Florida Financial Advisors LLC Makes New $253,000 Investment in InterDigital, Inc. (NASDAQ:IDCC)

Florida Financial Advisors LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,226 shares of the Wireless communications provider's stock, valued at approximately $253,000.

Several other large investors have also recently bought and sold shares of IDCC. Steward Partners Investment Advisory LLC boosted its stake in shares of InterDigital by 1,209.8% during 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. Raymond James Financial Inc. purchased a new stake in shares of InterDigital during the 4th quarter worth about $9,040,000. Amundi raised its stake in shares of InterDigital by 57.0% during the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock worth $3,989,000 after purchasing an additional 7,586 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of InterDigital by 55.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,588 shares of the Wireless communications provider's stock worth $2,051,000 after purchasing an additional 3,789 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of InterDigital by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 6,309 shares of the Wireless communications provider's stock worth $1,222,000 after purchasing an additional 120 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Up 0.3%

Shares of IDCC traded up $0.63 during midday trading on Thursday, reaching $229.51. 336,384 shares of the stock were exchanged, compared to its average volume of 366,170. InterDigital, Inc. has a 12-month low of $120.18 and a 12-month high of $237.50. The firm has a 50 day simple moving average of $221.79 and a 200-day simple moving average of $207.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.44 and a beta of 1.36.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio is 19.03%.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director Samir Armaly sold 779 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the sale, the director owned 3,128 shares of the company's stock, valued at $708,554.56. This trade represents a 19.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the completion of the sale, the director directly owned 19,774 shares in the company, valued at $4,481,777.10. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,062 shares of company stock worth $920,853 in the last 90 days. Company insiders own 2.80% of the company's stock.

InterDigital Company 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.