InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. New York State Common Retirement Fund boosted its position in InterDigital by 2.2% during the fourth 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 during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 111 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of InterDigital by 36.3% during 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 purchasing an additional 6,572 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of InterDigital in the fourth quarter valued at approximately $359,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of InterDigital in the fourth quarter valued at approximately $446,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Trading Down 1.1%

InterDigital stock traded down $2.38 during trading on Tuesday, reaching $221.85. 251,580 shares of the company were exchanged, compared to its average volume of 372,241. The stock's 50 day simple moving average is $216.62 and its two-hundred day simple moving average is $205.16. The company has a market capitalization of $5.75 billion, a P/E ratio of 17.59, a PEG ratio of 1.43 and a beta of 1.36. 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 52-week low of $116.28 and a 52-week high of $237.50.

InterDigital Dividend Announcement

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 $0.60 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 1.08%. InterDigital's payout ratio is 19.03%.

Insiders Place Their Bets

In related news, Director John A. Kritzmacher sold 519 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 19,774 shares in the company, valued at approximately $4,481,777.10. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Samir Armaly sold 779 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the completion of the transaction, the director owned 3,128 shares of the company's stock, valued at $708,554.56. The trade was a 19.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,762 shares of company stock worth $822,994. 2.30% of the stock is currently owned by company insiders.

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.