InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 17.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,347 shares of the Wireless communications provider's stock after selling 2,437 shares during the quarter. Teacher Retirement System of Texas' holdings in InterDigital were worth $2,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IDCC. Elequin Capital LP purchased a new position in InterDigital in the 4th quarter worth approximately $29,000. Prudent Man Investment Management Inc. purchased a new position in InterDigital in the 4th quarter worth approximately $39,000. Versant Capital Management Inc lifted 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 worth $42,000 after purchasing an additional 182 shares in the last quarter. Transce3nd LLC purchased a new position in InterDigital in the 4th quarter worth approximately $110,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock worth $129,000 after purchasing an additional 617 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In other news, Director Derek K. Aberle sold 692 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the completion of the sale, the director owned 6,192 shares in the company, valued at $1,401,930.72. This trade represents a 10.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Kritzmacher sold 519 shares of InterDigital stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the sale, the director owned 19,774 shares of the company's stock, valued at $4,481,777.10. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,062 shares of company stock worth $920,853. Insiders own 2.80% of the company's stock.

InterDigital Price Performance

IDCC traded down $1.30 during trading on Friday, reaching $228.00. The company's stock had a trading volume of 105,915 shares, compared to its average volume of 337,884. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $220.67 and a two-hundred day simple moving average of $206.69. InterDigital, Inc. has a 1 year low of $120.18 and a 1 year high of $237.50. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.45 and a beta of 1.36.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.05%. 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.