Assenagon Asset Management S.A. Sells 1,196 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Assenagon Asset Management S.A. lessened its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDCC. Global Retirement Partners LLC increased its stake in shares of InterDigital by 504.5% in the fourth 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 period. Elequin Capital LP acquired a new stake in InterDigital in the 4th quarter valued at approximately $29,000. Prudent Man Investment Management Inc. bought a new position in InterDigital in the 4th quarter worth approximately $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 buying an additional 182 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of InterDigital in the fourth quarter valued at approximately $110,000. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 692 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.41, for a total value of $156,675.72. Following the completion of the sale, the director now owns 6,192 shares in the company, valued at approximately $1,401,930.72. This trade represents a 10.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director now owns 19,774 shares in the company, valued at approximately $4,481,777.10. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,777 shares of company stock worth $1,255,642. Company insiders own 2.80% of the company's stock.

InterDigital Stock Performance

Shares of InterDigital stock traded down $0.44 during midday trading on Tuesday, hitting $221.90. The company had a trading volume of 156,718 shares, compared to its average volume of 383,571. The stock has a market cap of $5.76 billion, a PE ratio of 18.43, a P/E/G ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 1-year low of $114.56 and a 1-year high of $231.97. The business's 50 day simple moving average is $209.99 and its two-hundred day simple moving average is $202.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

InterDigital Dividend Announcement

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

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.