Guggenheim Capital LLC Sells 3,629 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Guggenheim Capital LLC decreased its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,585 shares of the Wireless communications provider's stock after selling 3,629 shares during the period. Guggenheim Capital LLC's holdings in InterDigital were worth $694,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Boston Partners increased its holdings in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after purchasing an additional 83,794 shares in the last quarter. Geode Capital Management LLC increased its holdings in InterDigital by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock valued at $115,240,000 after purchasing an additional 1,991 shares in the last quarter. Reinhart Partners LLC. increased its holdings in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock valued at $69,785,000 after purchasing an additional 164,223 shares in the last quarter. Invesco Ltd. increased its holdings in InterDigital by 4.7% during the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock valued at $63,511,000 after purchasing an additional 14,809 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new stake in InterDigital during the 4th quarter valued at $62,583,000. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,833 shares of company stock worth $2,938,660. Insiders own 2.30% of the company's stock.

InterDigital Price Performance

IDCC stock traded up $0.47 during midday trading on Wednesday, reaching $201.00. 468,010 shares of the company's stock traded hands, compared to its average volume of 408,186. The company has a 50-day simple moving average of $205.52 and a two-hundred day simple moving average of $191.94. InterDigital, Inc. has a 1-year low of $97.51 and a 1-year high of $231.97. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.57 and a beta of 1.44. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, April 9th. InterDigital's dividend payout ratio (DPR) is presently 19.93%.

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.