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

Jackson Creek Investment Advisors LLC lessened its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 24.3% in the 1st quarter, according to its most recent 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 SEC filing.

Several other institutional investors have also recently bought and sold shares of IDCC. Elequin Capital LP bought a new stake in shares of InterDigital during the 4th quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in shares of InterDigital during the 1st quarter valued at $32,000. Concord Wealth Partners bought a new stake in shares of InterDigital during the 1st quarter valued at $37,000. Prudent Man Investment Management Inc. bought a new stake in shares of InterDigital during the 4th quarter valued at $39,000. Finally, Versant Capital Management Inc raised its position in shares of InterDigital by 957.9% during 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 last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Trading Down 0.2%

Shares of InterDigital stock traded down $0.44 on Friday, hitting $229.07. 15,950 shares of the company's stock traded hands, compared to its average volume of 333,250. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.76. InterDigital, Inc. has a one year low of $120.18 and a one year high of $237.50. The firm's 50-day moving average price is $222.14 and its two-hundred day moving average price is $207.85. The stock has a market capitalization of $5.94 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.46 and a beta of 1.36.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is presently 19.03%.

Insider Activity at InterDigital

In other news, Director John A. Kritzmacher sold 519 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the transaction, the director directly owned 19,774 shares in the company, valued at $4,481,777.10. This represents a 2.56% 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 firm's stock in a transaction dated 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 sale, the director owned 27,353 shares of the company's stock, valued at $6,194,633.91. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,062 shares of company stock worth $920,853. Corporate 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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