Segall Bryant & Hamill LLC Sells 3,760 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Segall Bryant & Hamill LLC lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,268 shares of the Wireless communications provider's stock after selling 3,760 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.11% of InterDigital worth $5,844,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of IDCC. Elequin Capital LP acquired a new stake in shares of InterDigital in the 4th quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in InterDigital in the 1st quarter valued at about $32,000. Prudent Man Investment Management Inc. purchased a new stake in InterDigital in the 4th quarter valued at about $39,000. Versant Capital Management Inc increased its stake in 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 buying an additional 182 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in InterDigital in the 4th quarter valued at about $110,000. Institutional investors own 99.83% of the company's stock.

Insider Activity

In related news, Director John A. Kritzmacher sold 519 shares of InterDigital stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the transaction, the director owned 19,774 shares in the company, valued at $4,481,777.10. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Derek K. Aberle sold 692 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.41, for a total transaction of $156,675.72. Following the completion of the sale, the director directly owned 6,192 shares in the company, valued at approximately $1,401,930.72. This trade represents a 10.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,062 shares of company stock worth $920,853. Corporate insiders own 2.30% of the company's stock.

InterDigital Stock Up 0.6%

NASDAQ:IDCC traded up $1.26 on Monday, hitting $226.46. The stock had a trading volume of 162,019 shares, compared to its average volume of 364,769. InterDigital, Inc. has a 1 year low of $120.18 and a 1 year high of $237.50. The firm's fifty day simple moving average is $222.41 and its two-hundred day simple moving average is $208.25. The stock has a market cap of $5.87 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76.

InterDigital Dividend Announcement

The company also recently declared 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. This represents a $2.40 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital's payout ratio is 19.03%.

About InterDigital

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.