8,778 Shares in InterDigital, Inc. (NASDAQ:IDCC) Purchased by Exchange Traded Concepts LLC

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

Other institutional investors have also bought and sold shares of the company. Amundi lifted its holdings in InterDigital by 57.0% in the fourth 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 during the period. Wealth Enhancement Advisory Services LLC raised its position in InterDigital by 4.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider's stock worth $808,000 after acquiring an additional 160 shares in the last quarter. Rhumbline Advisers raised its position in InterDigital by 0.9% in the fourth quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock worth $14,646,000 after acquiring an additional 646 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in InterDigital by 1,209.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock worth $129,000 after acquiring an additional 617 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in InterDigital in the fourth quarter worth about $446,000. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Price Performance

Shares of InterDigital stock opened at $221.90 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.02. The company's 50-day moving average price is $210.29 and its two-hundred day moving average price is $202.94. InterDigital, Inc. has a 52 week low of $114.56 and a 52 week high of $231.97. The stock has a market cap of $5.76 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.37.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is presently 19.03%.

Insiders Place Their Bets

In other InterDigital news, Director Derek K. Aberle sold 692 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the completion of the sale, the director now directly owns 6,192 shares of the company's stock, valued at approximately $1,401,930.72. This represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $181.03, for a total transaction of $126,721.00. Following the sale, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at $14,149,485.83. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,996 shares of company stock worth $867,384. 2.30% of the stock is owned by corporate insiders.

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.

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