InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,097 shares of the Wireless communications provider's stock after selling 10,703 shares during the quarter. InterDigital comprises 1.4% of Emerald Advisers LLC's portfolio, making the stock its 20th largest position. Emerald Advisers LLC owned approximately 0.59% of InterDigital worth $31,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Boston Partners raised its position in shares of InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after purchasing an additional 83,794 shares during the period. Fuller & Thaler Asset Management Inc. raised its position 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 raised its position in shares of InterDigital by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock worth $115,240,000 after purchasing an additional 1,991 shares during the period. Reinhart Partners LLC. raised its position in shares of InterDigital by 13.9% during the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider's stock worth $84,859,000 after purchasing an additional 50,204 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of InterDigital by 5.0% during the 1st quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider's stock worth $70,109,000 after purchasing an additional 16,040 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Down 1.8%

IDCC opened at $225.27 on Friday. InterDigital, Inc. has a 12 month low of $120.18 and a 12 month high of $237.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $5.84 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.44 and a beta of 1.36. The stock's 50 day moving average price is $220.95 and its 200 day moving average price is $207.02.

InterDigital Dividend Announcement

The firm 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. This represents a $2.40 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio is currently 19.03%.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $224.58, for a total value of $224,580.00. Following the sale, the chief technology officer directly owned 76,580 shares in the company, valued at $17,198,336.40. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John A. Kritzmacher sold 519 shares of the firm's 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 represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,062 shares of company stock worth $920,853 over the last quarter. Insiders own 2.80% 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.

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