Riverwater Partners LLC Has $4.59 Million Stake in InterDigital, Inc. (NASDAQ:IDCC)

Riverwater Partners LLC lowered its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,186 shares of the Wireless communications provider's stock after selling 6,812 shares during the period. InterDigital accounts for approximately 2.4% of Riverwater Partners LLC's holdings, making the stock its 3rd biggest holding. Riverwater Partners LLC owned 0.09% of InterDigital worth $4,587,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners raised its stake in InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after buying an additional 83,794 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of InterDigital by 3.6% in 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 acquiring an additional 21,319 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of InterDigital by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock valued at $115,240,000 after purchasing an additional 1,991 shares during the period. Reinhart Partners LLC. boosted its position in shares of InterDigital by 13.9% during the first quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider's stock valued at $84,859,000 after purchasing an additional 50,204 shares in the last quarter. Finally, Congress Asset Management Co. raised its holdings in InterDigital by 5.0% in the first 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 in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John A. Kritzmacher sold 519 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total transaction of $117,631.35. Following the sale, the director now directly owns 19,774 shares of the company's stock, valued at $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $181.03, for a total transaction of $126,721.00. Following the transaction, the chief technology officer now owns 78,161 shares in the company, valued at $14,149,485.83. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,296 shares of company stock worth $714,728 in the last quarter. Corporate insiders own 2.80% of the company's stock.

InterDigital Stock Up 1.3%

NASDAQ:IDCC opened at $224.80 on Friday. InterDigital, Inc. has a 1-year low of $114.56 and a 1-year high of $231.97. The company has a market capitalization of $5.83 billion, a PE ratio of 17.83, a P/E/G ratio of 1.44 and a beta of 1.37. The firm's 50-day moving average price is $211.09 and its 200-day moving average price is $203.28. 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 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 given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio is presently 19.03%.

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.

Want to see what other hedge funds are holding IDCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterDigital, Inc. (NASDAQ:IDCC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.