Exchange Traded Concepts LLC Makes New Investment in InterDigital, Inc. (NASDAQ:IDCC)

Exchange Traded Concepts LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,778 shares of the Wireless communications provider's stock, valued at approximately $1,815,000.

Several other institutional investors and hedge funds have also made changes to their positions in IDCC. Global Retirement Partners LLC lifted its position in InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 111 shares during the period. Elequin Capital LP acquired a new stake in shares of InterDigital during the fourth quarter worth about $29,000. Prudent Man Investment Management Inc. acquired a new stake in shares of InterDigital during the fourth quarter worth about $39,000. Versant Capital Management Inc lifted its holdings in shares of InterDigital by 957.9% during the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock worth $42,000 after purchasing an additional 182 shares during the period. Finally, Transce3nd LLC acquired a new stake in shares of InterDigital during the fourth quarter worth about $110,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

NASDAQ IDCC traded up $2.61 on Friday, hitting $227.41. 377,985 shares of the company's stock traded hands, compared to its average volume of 376,536. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 1-year low of $114.56 and a 1-year high of $231.97. The firm's 50-day moving average price is $211.60 and its two-hundred day moving average price is $203.49. The firm has a market capitalization of $5.90 billion, a PE ratio of 18.03, a P/E/G ratio of 1.45 and a beta of 1.37.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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%.

Insider Activity at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 692 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.41, for a total value of $156,675.72. Following the completion of the transaction, the director now directly owns 6,192 shares of the company's stock, valued at approximately $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John A. Kritzmacher sold 519 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the completion of the transaction, the director now directly owns 19,774 shares of the company's stock, valued at $4,481,777.10. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,296 shares of company stock worth $714,728 over the last three months. Company insiders own 2.80% of the company's stock.

About InterDigital

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.