Nebula Research & Development LLC Acquires 8,308 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Nebula Research & Development LLC increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 229.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,928 shares of the Wireless communications provider's stock after acquiring an additional 8,308 shares during the quarter. Nebula Research & Development LLC's holdings in InterDigital were worth $2,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. boosted its stake in InterDigital by 3.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after purchasing an additional 21,319 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of InterDigital by 1,451.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider's stock worth $57,986,000 after purchasing an additional 280,030 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of InterDigital by 1,470.7% during the 4th quarter. Hsbc Holdings PLC now owns 86,106 shares of the Wireless communications provider's stock worth $16,784,000 after purchasing an additional 80,624 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of InterDigital by 312.3% during the 4th quarter. Stifel Financial Corp now owns 7,005 shares of the Wireless communications provider's stock worth $1,357,000 after purchasing an additional 5,306 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of InterDigital by 865.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,521 shares of the Wireless communications provider's stock worth $488,000 after purchasing an additional 2,260 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

InterDigital stock traded down $1.25 during midday trading on Wednesday, reaching $199.28. The company's stock had a trading volume of 109,653 shares, compared to its average volume of 408,223. 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 $5.12 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 52 week low of $97.51 and a 52 week high of $231.97. The business has a 50-day moving average price of $205.73 and a 200-day moving average price of $191.88.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from InterDigital's previous quarterly dividend of $0.45. InterDigital's payout ratio is presently 19.93%.

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the transaction, the chief technology officer now owns 52,396 shares of the company's stock, valued at $9,693,260. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the transaction, the insider now directly owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,833 shares of company stock worth $2,938,660. Corporate insiders own 2.30% of the company's stock.

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.