InterDigital, Inc. (NASDAQ:IDCC) Shares Acquired by Caxton Associates LP

Caxton Associates LP boosted its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 393.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,917 shares of the Wireless communications provider's stock after purchasing an additional 8,706 shares during the period. Caxton Associates LP's holdings in InterDigital were worth $2,115,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IDCC. Global Retirement Partners LLC grew its stake 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 valued at $26,000 after acquiring an additional 111 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in InterDigital in the fourth quarter valued at about $39,000. Mendota Financial Group LLC grew its stake in InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd purchased a new stake in InterDigital during the 4th quarter worth approximately $70,000. Finally, Transce3nd LLC acquired a new position in shares of InterDigital in the 4th quarter valued at approximately $110,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company's 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 in the company, valued at $14,149,485.83. This represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,833 shares of company stock valued at $2,938,660. Insiders own 2.30% of the company's stock.

InterDigital Stock Performance

InterDigital stock opened at $210.97 on Monday. InterDigital, Inc. has a 52 week low of $103.79 and a 52 week high of $231.97. 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 stock has a market cap of $5.48 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The stock has a 50 day moving average of $205.40 and a 200-day moving average of $193.17.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a dividend of $0.60 per share. This is a positive change from InterDigital's previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is currently 19.93%.

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.

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