InterDigital, Inc. (NASDAQ:IDCC) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 10.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,393 shares of the Wireless communications provider's stock after acquiring an additional 2,866 shares during the quarter. Ritholtz Wealth Management owned 0.12% of InterDigital worth $6,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IDCC. Global Retirement Partners LLC boosted its holdings in InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after acquiring an additional 111 shares during the period. Elequin Capital LP purchased a new position in shares of InterDigital in the 4th quarter valued at about $29,000. Prudent Man Investment Management Inc. purchased a new position in shares of InterDigital in the 4th quarter valued at about $39,000. Versant Capital Management Inc boosted 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 buying an additional 182 shares during the period. Finally, Transce3nd LLC purchased a new position in shares of InterDigital in the 4th quarter valued at about $110,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Down 1.5%

Shares of IDCC traded down $3.33 during midday trading on Friday, hitting $218.51. The company had a trading volume of 178,275 shares, compared to its average volume of 384,969. The company's 50-day simple moving average is $209.36 and its 200-day simple moving average is $202.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $5.67 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 1 year low of $114.56 and a 1 year high of $231.97.

InterDigital Dividend Announcement

The business also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, July 9th. InterDigital's payout ratio is presently 19.03%.

Insider Activity

In other news, Director Derek K. Aberle sold 692 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.41, for a total transaction of $156,675.72. Following the sale, the director now owns 6,192 shares of the company's stock, valued at approximately $1,401,930.72. This trade represents a 10.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the sale, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,777 shares of company stock worth $1,255,642. 2.30% 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.