InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $232.33, for a total value of $108,265.78. Following the transaction, the insider directly owned 28,804 shares of the company's stock, valued at $6,692,033.32. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
InterDigital Stock Up 0.4%
Shares of NASDAQ:IDCC traded up $0.86 on Wednesday, hitting $222.71. 28,006 shares of the company traded hands, compared to its average volume of 370,891. The stock has a 50 day simple moving average of $216.62 and a 200-day simple moving average of $205.16. 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, Inc. has a 52 week low of $116.28 and a 52 week high of $237.50. The company has a market cap of $5.78 billion, a PE ratio of 17.66, a PEG ratio of 1.43 and a beta of 1.36.
InterDigital Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is presently 19.03%.
Hedge Funds Weigh In On InterDigital
A number of institutional investors and hedge funds have recently made changes to their positions in IDCC. Global Retirement Partners LLC lifted its stake in shares of InterDigital by 504.5% in the 4th 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 purchased a new stake in InterDigital during the fourth quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in InterDigital in the 1st quarter valued at about $32,000. Banque Transatlantique SA purchased a new stake in InterDigital during the first quarter worth approximately $33,000. Finally, Headlands Technologies LLC acquired a new stake in shares of InterDigital in the 1st quarter valued at about $35,000. 99.83% of the stock is owned by hedge funds and other institutional investors.
InterDigital Company Profile
(
Get Free Report)
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.
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