Vontobel Holding Ltd. Purchases Shares of 5,420 InterDigital, Inc. (NASDAQ:IDCC)

Vontobel Holding Ltd. purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,420 shares of the Wireless communications provider's stock, valued at approximately $1,121,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDCC. KBC Group NV boosted its holdings in shares of InterDigital by 22.3% in the 1st quarter. KBC Group NV now owns 1,172 shares of the Wireless communications provider's stock worth $242,000 after buying an additional 214 shares during the last quarter. Bessemer Group Inc. boosted its stake in InterDigital by 152,729.3% in the first quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider's stock valued at $23,700,000 after acquiring an additional 114,547 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of InterDigital during the 1st quarter valued at approximately $300,000. Oppenheimer Asset Management Inc. increased its stake in shares of InterDigital by 3.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider's stock worth $396,000 after purchasing an additional 59 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of InterDigital by 4.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider's stock worth $377,000 after purchasing an additional 75 shares during the period. 99.83% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Samir Armaly sold 779 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.52, for a total transaction of $176,459.08. Following the sale, the director directly owned 3,128 shares in the company, valued at $708,554.56. This represents a 19.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Derek K. Aberle sold 692 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the transaction, the director directly owned 6,192 shares of the company's stock, valued at approximately $1,401,930.72. This represents a 10.05% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,062 shares of company stock valued at $696,273. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

NASDAQ:IDCC traded up $1.52 during trading hours on Monday, reaching $226.04. The stock had a trading volume of 272,313 shares, compared to its average volume of 371,004. The stock has a market cap of $5.86 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. The stock has a 50 day simple moving average of $218.49 and a 200 day simple moving average of $205.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. InterDigital, Inc. has a 12-month low of $120.18 and a 12-month high of $237.50.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.06%. InterDigital's dividend payout ratio is presently 19.03%.

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.