Assenagon Asset Management S.A. Has $2.22 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Assenagon Asset Management S.A. lessened its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,744 shares of the Wireless communications provider's stock after selling 1,196 shares during the quarter. Assenagon Asset Management S.A.'s holdings in InterDigital were worth $2,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of InterDigital by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock valued at $568,000 after purchasing an additional 51 shares during the last quarter. Savant Capital LLC raised its holdings in InterDigital by 2.8% during the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock valued at $461,000 after buying an additional 64 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of InterDigital by 3.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock worth $513,000 after buying an additional 83 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 111 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in InterDigital by 1.9% in the 4th quarter. HighTower Advisors LLC now owns 6,309 shares of the Wireless communications provider's stock valued at $1,222,000 after buying an additional 120 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

Shares of InterDigital stock traded up $2.33 during trading on Friday, reaching $227.13. The company's stock had a trading volume of 116,065 shares, compared to its average volume of 382,416. InterDigital, Inc. has a one year low of $114.56 and a one year high of $231.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37. The business's fifty day moving average price is $211.09 and its 200-day moving average price is $203.28.

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 1.06%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio is currently 19.03%.

Insider Transactions at InterDigital

In other news, Director Derek K. Aberle sold 692 shares of InterDigital 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 sale, the director now directly owns 6,192 shares in the company, valued at approximately $1,401,930.72. The trade was a 10.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the transaction, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at $14,149,485.83. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,296 shares of company stock worth $714,728 over the last three months. 2.80% of the stock is currently owned by 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.