InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Westside Investment Management Inc.

Westside Investment Management Inc. lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 23.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,533 shares of the Wireless communications provider's stock after selling 1,095 shares during the period. Westside Investment Management Inc.'s holdings in InterDigital were worth $730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC increased its position in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares during the period. Elequin Capital LP purchased a new position in shares of InterDigital during the fourth quarter worth approximately $29,000. Prudent Man Investment Management Inc. purchased a new position in shares of InterDigital during the fourth quarter worth approximately $39,000. Versant Capital Management Inc increased its holdings 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 acquiring an additional 182 shares during the period. Finally, Transce3nd LLC purchased a new stake in InterDigital in the 4th quarter valued at $110,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Up 1.6%

Shares of NASDAQ:IDCC opened at $230.93 on Monday. InterDigital, Inc. has a 1-year low of $115.10 and a 1-year high of $238.32. 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 $5.99 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.47 and a beta of 1.37. The firm has a fifty day moving average price of $215.11 and a 200 day moving average price of $204.84.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.04%. InterDigital's dividend payout ratio (DPR) is 19.03%.

Insider Buying and Selling

In related news, Director Samir Armaly sold 779 shares of InterDigital stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.52, for a total value of $176,459.08. Following the transaction, the director now directly owns 3,128 shares in the company, valued at $708,554.56. This trade represents a 19.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jean F. Rankin sold 606 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the transaction, the director now directly owns 27,353 shares in the company, valued at $6,194,633.91. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,296 shares of company stock valued at $714,728 over the last quarter. 2.30% of the stock is currently 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.

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