Csenge Advisory Group purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,924 shares of the Wireless communications provider's stock, valued at approximately $553,000.
A number of other hedge funds have also made changes to their positions in the company. Elequin Capital LP acquired a new stake in shares of InterDigital during the fourth quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of InterDigital during the first quarter valued at $32,000. Concord Wealth Partners acquired a new stake in shares of InterDigital during the first quarter valued at $37,000. Prudent Man Investment Management Inc. acquired a new stake in shares of InterDigital during the fourth quarter valued at $39,000. Finally, Versant Capital Management Inc boosted its stake 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 valued at $42,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.
Insider Transactions at InterDigital
In other InterDigital news, Director Samir Armaly sold 779 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the sale, the director directly owned 3,128 shares of the company's stock, valued at approximately $708,554.56. This trade represents a 19.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the completion of the sale, the director directly owned 19,774 shares in the company, valued at approximately $4,481,777.10. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,062 shares of company stock worth $920,853 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.
InterDigital Trading Down 0.2%
NASDAQ:IDCC traded down $0.47 during mid-day trading on Thursday, reaching $227.08. The company's stock had a trading volume of 55,265 shares, compared to its average volume of 329,618. The company's fifty day simple moving average is $222.67 and its two-hundred day simple moving average is $208.53. 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 twelve month low of $120.18 and a twelve month high of $237.50. The stock has a market cap of $5.89 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.45 and a beta of 1.36.
InterDigital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were 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 was Wednesday, July 9th. InterDigital's payout ratio is 19.03%.
InterDigital Profile
(
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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