Robeco Institutional Asset Management B.V. Trims Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Robeco Institutional Asset Management B.V. trimmed its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,031 shares of the Wireless communications provider's stock after selling 6,320 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.61% of InterDigital worth $32,466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IDCC. New York State Common Retirement Fund increased its holdings in InterDigital by 2.2% in the 4th quarter. New York State Common Retirement Fund now owns 8,090 shares of the Wireless communications provider's stock worth $1,567,000 after acquiring an additional 173 shares in the last quarter. Global Retirement Partners LLC increased its holdings in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 111 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in InterDigital by 36.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 24,676 shares of the Wireless communications provider's stock worth $4,780,000 after acquiring an additional 6,572 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in InterDigital in the 4th quarter worth approximately $359,000. Finally, Oppenheimer & Co. Inc. bought a new position in InterDigital in the 4th quarter worth approximately $446,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Trading Up 1.6%

IDCC stock opened at $230.93 on Friday. InterDigital, Inc. has a 1-year low of $115.10 and a 1-year 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 company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.45 and a beta of 1.37. The business has a 50 day simple moving average of $215.11 and a two-hundred day simple moving average of $204.70.

InterDigital Announces Dividend

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

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the transaction, the chief technology officer now directly owns 78,161 shares in the company, valued at approximately $14,149,485.83. This represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jean F. Rankin sold 606 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.47, for a total value of $137,240.82. Following the sale, the director now owns 27,353 shares in the company, valued at $6,194,633.91. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,296 shares of company stock worth $714,728 in the last three months. 2.80% of the stock is owned by company 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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