InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Inspire Advisors LLC

Key Points

• Inspire Advisors LLC has reduced its stake in InterDigital, Inc. by 15.1%, selling 2,451 shares, and now owns 13,787 shares valued at approximately $2.85 million.
• Institutional investors hold 99.83% of InterDigital's stock, with significant stakes acquired by firms like Sei Investments Co. and LPL Financial LLC during the fourth quarter.
• InterDigital recently declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 1.07% and a payout ratio of 19.03%.

Inspire Advisors LLC decreased its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,787 shares of the Wireless communications provider's stock after selling 2,451 shares during the period. Inspire Advisors LLC owned approximately 0.05% of InterDigital worth $2,850,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its holdings in shares of InterDigital by 3.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after purchasing an additional 21,319 shares during the period. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 1,991 shares during the last quarter. Reinhart Partners LLC. increased its holdings in 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 purchasing an additional 50,204 shares during the last quarter. Congress Asset Management Co. increased its holdings in InterDigital by 5.0% in 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 purchasing an additional 16,040 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in InterDigital by 4.7% in the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock valued at $63,511,000 after purchasing an additional 14,809 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Trading Up 11.8%

InterDigital stock traded up $26.07 during trading on Wednesday, hitting $247.42. The company had a trading volume of 446,599 shares, compared to its average volume of 329,946. InterDigital, Inc. has a 1-year low of $121.66 and a 1-year high of $251.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.02. The company's 50 day simple moving average is $223.37 and its 200-day simple moving average is $209.68. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were issued a $0.60 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 0.97%. InterDigital's dividend payout ratio (DPR) is presently 19.03%.

Insider Transactions at InterDigital

In related news, 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 value of $117,631.35. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $224.58, for a total transaction of $224,580.00. Following the completion of the sale, the chief technology officer owned 76,580 shares of the company's stock, valued at $17,198,336.40. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,062 shares of company stock worth $920,853 in the last three months. Company insiders own 2.30% of the company's stock.

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.