Capital Management Corp VA Has $29.80 Million Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Capital Management Corp VA trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 144,117 shares of the Wireless communications provider's stock after selling 24,783 shares during the period. InterDigital accounts for approximately 5.2% of Capital Management Corp VA's holdings, making the stock its largest holding. Capital Management Corp VA owned approximately 0.56% of InterDigital worth $29,796,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings 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 worth $568,000 after purchasing an additional 51 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of InterDigital by 3.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider's stock worth $396,000 after acquiring an additional 59 shares in the last quarter. Leavell Investment Management Inc. grew its stake in InterDigital by 3.4% during the 1st quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider's stock worth $381,000 after buying an additional 60 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of InterDigital by 4.3% during the first quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider's stock valued at $377,000 after acquiring an additional 75 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of InterDigital by 3.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock valued at $513,000 after acquiring an additional 83 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Down 1.9%

NASDAQ:IDCC traded down $4.31 during trading hours on Friday, hitting $225.20. 287,157 shares of the company's stock traded hands, compared to its average volume of 365,584. The firm has a market cap of $5.84 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.44 and a beta of 1.36. InterDigital, Inc. has a twelve month low of $120.18 and a twelve month high of $237.50. 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 stock's fifty day moving average price is $222.41 and its two-hundred day moving average price is $208.16.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 1.07%. InterDigital's dividend payout ratio (DPR) is 19.03%.

Insider Transactions at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 692 shares of the stock in a transaction 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 transaction, the director directly owned 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Samir Armaly sold 779 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the completion of the transaction, the director owned 3,128 shares in the company, valued at $708,554.56. This represents a 19.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,062 shares of company stock worth $920,853. 2.80% of the stock is currently owned by company 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.