Boston Trust Walden Corp Sells 4,565 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Boston Trust Walden Corp lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 1.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 273,006 shares of the Wireless communications provider's stock after selling 4,565 shares during the period. Boston Trust Walden Corp owned about 1.06% of InterDigital worth $56,444,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Amundi raised its stake in InterDigital by 57.0% during the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock valued at $3,989,000 after purchasing an additional 7,586 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of InterDigital by 4.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider's stock worth $808,000 after acquiring an additional 160 shares during the last quarter. Rhumbline Advisers increased its stake in shares of InterDigital by 0.9% in the fourth quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock worth $14,646,000 after acquiring an additional 646 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of InterDigital by 1,209.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock worth $129,000 after acquiring an additional 617 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of InterDigital in the fourth quarter worth $446,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Up 1.2%

Shares of NASDAQ IDCC traded up $2.61 during mid-day trading on Friday, reaching $227.41. The company had a trading volume of 377,985 shares, compared to its average volume of 376,536. InterDigital, Inc. has a twelve month low of $114.56 and a twelve month high of $231.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $5.90 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The stock's 50 day moving average is $211.60 and its 200-day moving average is $203.49.

InterDigital Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is presently 19.03%.

Insider Transactions at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 692 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the transaction, the director now directly owns 6,192 shares of the company's stock, valued at $1,401,930.72. This represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Samir Armaly sold 779 shares of the stock in a transaction 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 transaction, the director now directly owns 3,128 shares in the company, valued at $708,554.56. The trade was a 19.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,296 shares of company stock valued at $714,728. 2.80% of the stock is owned by insiders.

InterDigital Company 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.