InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd cut its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 12.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,400 shares of the Wireless communications provider's stock after selling 3,500 shares during the quarter. InterDigital accounts for 2.0% of Aubrey Capital Management Ltd's investment portfolio, making the stock its 12th largest position. Aubrey Capital Management Ltd owned about 0.10% of InterDigital worth $5,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Amundi increased its stake in InterDigital by 57.0% during the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock worth $3,989,000 after buying an additional 7,586 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in InterDigital by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider's stock valued at $808,000 after purchasing an additional 160 shares during the last quarter. Rhumbline Advisers lifted its holdings in InterDigital by 0.9% in the 4th quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock valued at $14,646,000 after purchasing an additional 646 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock valued at $129,000 after purchasing an additional 617 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in InterDigital by 29.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock worth $378,000 after purchasing an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

Shares of InterDigital stock traded up $3.83 on Monday, hitting $222.34. 261,042 shares of the company were exchanged, compared to its average volume of 384,477. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $209.36 and a 200 day moving average price of $202.62. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio is currently 19.03%.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total transaction of $152,656.00. Following the sale, the chief technology officer now owns 71,606 shares of the company's stock, valued at approximately $15,615,836.48. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Kritzmacher sold 519 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the transaction, the director now directly owns 19,774 shares in the company, valued at $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,777 shares of company stock valued at $1,255,642 in the last three months. 2.80% of the stock is owned by corporate 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.