Teacher Retirement System of Texas Cuts Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Teacher Retirement System of Texas lessened its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 17.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,347 shares of the Wireless communications provider's stock after selling 2,437 shares during the period. Teacher Retirement System of Texas' holdings in InterDigital were worth $2,346,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Elequin Capital LP bought a new stake in InterDigital in the fourth quarter worth $29,000. Prudent Man Investment Management Inc. bought a new stake in InterDigital in the fourth quarter worth $39,000. Versant Capital Management Inc lifted its position in InterDigital by 957.9% in the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock worth $42,000 after buying an additional 182 shares during the last quarter. Transce3nd LLC bought a new stake in InterDigital in the fourth quarter worth $110,000. Finally, Steward Partners Investment Advisory LLC lifted its position in InterDigital by 1,209.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock worth $129,000 after buying an additional 617 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

Insider Activity at InterDigital

In other news, Director Derek K. Aberle sold 692 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.41, for a total value of $156,675.72. Following the completion of the sale, the director directly owned 6,192 shares in the company, valued at $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John A. Kritzmacher sold 519 shares of the business'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 sale, the director owned 19,774 shares of the company's stock, valued at $4,481,777.10. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,062 shares of company stock valued at $920,853 in the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

InterDigital Trading Down 1.8%

IDCC traded down $4.02 during trading on Friday, reaching $225.27. The company had a trading volume of 252,547 shares, compared to its average volume of 368,160. The stock has a market cap of $5.84 billion, a P/E ratio of 17.86, a PEG ratio of 1.46 and a beta of 1.36. The business has a 50 day simple moving average of $220.95 and a 200-day simple moving average of $206.92. InterDigital, Inc. has a 52 week low of $120.18 and a 52 week high of $237.50. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.02.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital's dividend payout ratio is currently 19.03%.

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.