Yorktown Management & Research Co Inc Acquires New Shares in InterDigital, Inc. (NASDAQ:IDCC)

Yorktown Management & Research Co Inc acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,450 shares of the Wireless communications provider's stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IDCC. Global Retirement Partners LLC raised its position in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after purchasing an additional 111 shares during the period. Elequin Capital LP bought a new position in shares of InterDigital during the 4th quarter valued at approximately $29,000. Prudent Man Investment Management Inc. purchased a new stake in InterDigital during the 4th quarter valued at $39,000. Versant Capital Management Inc raised its holdings in InterDigital by 957.9% during 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 period. Finally, Transce3nd LLC bought a new stake in InterDigital in the fourth quarter worth $110,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Trading Down 1.8%

NASDAQ IDCC traded down $4.20 on Wednesday, hitting $230.50. 225,317 shares of the stock were exchanged, compared to its average volume of 374,155. 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, Inc. has a 52-week low of $114.56 and a 52-week high of $237.50. The firm has a market capitalization of $5.98 billion, a P/E ratio of 18.28, a P/E/G ratio of 1.48 and a beta of 1.37. The stock has a fifty day moving average price of $212.85 and a two-hundred day moving average price of $204.03.

InterDigital Dividend Announcement

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 paid 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 1.04%. InterDigital's payout ratio is 19.03%.

Insider Transactions at InterDigital

In related news, Director Derek K. Aberle sold 692 shares of InterDigital stock in a transaction dated 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 now owns 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 SEC, which is available through the SEC website. Also, Director John A. Kritzmacher sold 519 shares of the firm'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 transaction of $117,631.35. Following the transaction, the director now directly owns 19,774 shares in the company, valued at approximately $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,296 shares of company stock worth $714,728. 2.30% of the stock is currently owned by insiders.

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.