Smithbridge Asset Management Inc. DE Takes Position in InterDigital, Inc. (NASDAQ:IDCC)

Smithbridge Asset Management Inc. DE purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,000 shares of the Wireless communications provider's stock, valued at approximately $1,654,000.

Several other large investors have also modified their holdings of IDCC. Global Retirement Partners LLC lifted its position in shares of InterDigital by 504.5% during the fourth 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. Elequin Capital LP bought a new position in shares of InterDigital during the fourth quarter worth about $29,000. Prudent Man Investment Management Inc. bought a new position in shares of InterDigital during the fourth quarter worth about $39,000. Versant Capital Management Inc lifted its position in shares of InterDigital by 957.9% during the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock worth $42,000 after purchasing an additional 182 shares during the last quarter. Finally, Transce3nd LLC bought a new position in InterDigital in the fourth quarter worth about $110,000. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

NASDAQ IDCC traded down $3.33 during trading hours on Friday, reaching $218.51. The company's stock had a trading volume of 178,275 shares, compared to its average volume of 384,360. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $208.82 and a 200 day simple moving average of $202.38. InterDigital, Inc. has a 52 week low of $114.56 and a 52 week high of $231.97. The stock has a market cap of $5.67 billion, a PE ratio of 18.15, a PEG ratio of 1.57 and a beta of 1.37.

InterDigital Announces Dividend

The firm 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 of this dividend is Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. InterDigital's dividend payout ratio is currently 19.03%.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 700 shares of InterDigital 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 sale, the chief technology officer now owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jean F. Rankin sold 606 shares of InterDigital stock in a transaction that occurred 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 directly owns 27,353 shares in the company, valued at approximately $6,194,633.91. This trade represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,777 shares of company stock valued at $1,255,642 over the last quarter. Insiders own 2.30% 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.