Asset Management One Co. Ltd. Trims Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Asset Management One Co. Ltd. cut its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 13.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,547 shares of the Wireless communications provider's stock after selling 2,848 shares during the period. Asset Management One Co. Ltd. owned 0.07% of InterDigital worth $3,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IDCC. Boston Partners raised its holdings in InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after buying an additional 83,794 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of InterDigital by 3.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after acquiring an additional 21,319 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of InterDigital by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock valued at $115,240,000 after acquiring an additional 1,991 shares during the period. Reinhart Partners LLC. raised its stake in shares of InterDigital by 13.9% in the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider's stock valued at $84,859,000 after acquiring an additional 50,204 shares during the period. Finally, Congress Asset Management Co. lifted its holdings in shares of InterDigital by 5.0% during the 1st quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider's stock valued at $70,109,000 after acquiring an additional 16,040 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at InterDigital

In related 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 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. The trade was a 10.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John A. Kritzmacher sold 519 shares of InterDigital stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the sale, the director owned 19,774 shares in the company, valued at $4,481,777.10. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,762 shares of company stock worth $822,994. Insiders own 2.30% of the company's stock.

InterDigital Stock Down 1.1%

NASDAQ IDCC traded down $2.38 during trading hours on Tuesday, hitting $221.85. The company had a trading volume of 251,580 shares, compared to its average volume of 372,241. InterDigital, Inc. has a fifty-two week low of $116.28 and a fifty-two week high of $237.50. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.76. The firm's 50 day moving average is $215.93 and its 200 day moving average is $205.05.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.08%. InterDigital's dividend payout ratio (DPR) is currently 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.