Capital Management Corp VA lessened its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,117 shares of the Wireless communications provider's stock after selling 24,783 shares during the quarter. InterDigital makes up 5.2% of Capital Management Corp VA's investment portfolio, making the stock its largest holding. Capital Management Corp VA owned approximately 0.56% of InterDigital worth $29,796,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of IDCC. Elequin Capital LP acquired a new position in shares of InterDigital during the 4th quarter worth $29,000. Wayfinding Financial LLC acquired a new position in shares of InterDigital during the 1st quarter valued at $32,000. Concord Wealth Partners acquired a new position in shares of InterDigital in the 1st quarter worth $37,000. Prudent Man Investment Management Inc. acquired a new stake in InterDigital during the fourth quarter valued at $39,000. Finally, Versant Capital Management Inc raised its stake in shares of InterDigital by 957.9% in the 1st quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock valued at $42,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.
InterDigital Stock Performance
Shares of IDCC traded up $1.55 on Monday, reaching $226.75. 38,913 shares of the stock traded hands, compared to its average volume of 364,294. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.44 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. InterDigital, Inc. has a 12 month low of $120.18 and a 12 month high of $237.50. The stock's 50-day moving average price is $222.41 and its 200-day moving average price is $208.25.
InterDigital Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital's dividend payout ratio is currently 19.03%.
Insider Buying and Selling
In other InterDigital news, Director John A. Kritzmacher sold 519 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the transaction, the director directly owned 19,774 shares in the company, valued at approximately $4,481,777.10. This trade represents a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Samir Armaly sold 779 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.52, for a total value of $176,459.08. Following the completion of the sale, the director owned 3,128 shares of the company's stock, valued at $708,554.56. This represents a 19.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,062 shares of company stock valued at $920,853. Insiders own 2.80% of the company's stock.
About InterDigital
(
Free Report)
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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