Jackson Creek Investment Advisors LLC Sells 2,128 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Jackson Creek Investment Advisors LLC cut its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 24.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,626 shares of the Wireless communications provider's stock after selling 2,128 shares during the period. Jackson Creek Investment Advisors LLC's holdings in InterDigital were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IDCC. Elequin Capital LP purchased a new stake in InterDigital during the 4th quarter worth about $29,000. Wayfinding Financial LLC purchased a new position in shares of InterDigital in the 1st quarter valued at about $32,000. Concord Wealth Partners purchased a new position in shares of InterDigital in the 1st quarter valued at about $37,000. Prudent Man Investment Management Inc. purchased a new position in shares of InterDigital in the 4th quarter valued at about $39,000. Finally, Versant Capital Management Inc boosted its position 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 purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Price Performance

Shares of IDCC traded up $1.26 during mid-day trading on Monday, hitting $226.46. The company's stock had a trading volume of 162,019 shares, compared to its average volume of 364,769. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $222.41 and a 200 day simple moving average of $208.25. The firm has a market capitalization of $5.87 billion, a P/E ratio of 15.80, a P/E/G ratio of 1.44 and a beta of 1.36. InterDigital, Inc. has a 1-year low of $120.18 and a 1-year high of $237.50.

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 issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Wednesday, July 9th. InterDigital's payout ratio is currently 19.03%.

Insider Activity at InterDigital

In related news, Director Derek K. Aberle sold 692 shares of InterDigital stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the sale, the director directly owned 6,192 shares in the company, valued at $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the sale, the director directly owned 19,774 shares of the company's stock, 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 have sold a total of 4,062 shares of company stock valued at $920,853 over the last 90 days. Corporate insiders own 2.30% 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.