InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273,006 shares of the Wireless communications provider's stock after selling 4,565 shares during the quarter. Boston Trust Walden Corp owned approximately 1.06% of InterDigital worth $56,444,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IDCC. GAMMA Investing LLC boosted its position in shares of InterDigital by 31,724.6% in the 1st quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider's stock valued at $619,810,000 after purchasing an additional 298,846 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of InterDigital by 1,451.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider's stock valued at $57,986,000 after purchasing an additional 280,030 shares during the period. Millennium Management LLC boosted its position in shares of InterDigital by 3,962.5% in the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock valued at $24,947,000 after purchasing an additional 125,610 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of InterDigital in the 4th quarter valued at about $19,572,000. Finally, Norges Bank acquired a new stake in shares of InterDigital in the 4th quarter valued at about $17,387,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Up 1.3%

Shares of NASDAQ IDCC opened at $224.80 on Thursday. The stock has a market cap of $5.83 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.42 and a beta of 1.37. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52-week low of $114.56 and a 52-week high of $231.97. The business has a 50-day moving average price of $210.64 and a 200 day moving average price of $203.09.

InterDigital Announces Dividend

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

Insider Activity at InterDigital

In other InterDigital news, Director Samir Armaly sold 779 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.52, for a total transaction of $176,459.08. Following the completion of the sale, the director now directly owns 3,128 shares of the company's stock, valued at $708,554.56. This represents a 19.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the sale, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,296 shares of company stock valued at $714,728 in the last three months. 2.80% of the stock is currently owned by company insiders.

About InterDigital

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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