Natixis Acquires Shares of 34,000 InterDigital, Inc. (NASDAQ:IDCC)

Natixis bought a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 34,000 shares of the Wireless communications provider's stock, valued at approximately $6,586,000. Natixis owned about 0.13% of InterDigital as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IDCC. Boston Partners grew 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of InterDigital by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock valued at $115,240,000 after buying an additional 1,991 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after buying an additional 164,223 shares during the period. Invesco Ltd. lifted its stake in shares of InterDigital by 4.7% during the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock worth $63,511,000 after acquiring an additional 14,809 shares during the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of InterDigital during the 4th quarter worth approximately $62,583,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the sale, the insider now directly owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total value of $129,500.00. Following the sale, the chief technology officer now owns 52,396 shares of the company's stock, valued at approximately $9,693,260. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,833 shares of company stock valued at $2,938,660. Company insiders own 2.30% of the company's stock.

InterDigital Trading Up 1.1 %

IDCC traded up $2.09 on Friday, reaching $193.75. 166,359 shares of the company traded hands, compared to its average volume of 410,013. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.98 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The firm has a fifty day simple moving average of $206.51 and a two-hundred day simple moving average of $190.97. InterDigital, Inc. has a one year low of $97.51 and a one year high of $231.97.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. This is a positive change from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio 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.