Price T Rowe Associates Inc. MD increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 1,451.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 299,326 shares of the Wireless communications provider's stock after acquiring an additional 280,030 shares during the period. Price T Rowe Associates Inc. MD owned about 1.18% of InterDigital worth $57,986,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the stock. Congress Asset Management Co. acquired a new stake in InterDigital during the 4th quarter worth approximately $62,583,000. Reinhart Partners LLC. increased its position in InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of InterDigital during the 4th quarter worth $19,572,000. Norges Bank acquired a new position in InterDigital in the fourth quarter valued at $17,387,000. Finally, Boston Partners increased its stake in InterDigital by 5.5% during the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after acquiring an additional 83,794 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.
InterDigital Trading Up 4.4 %
Shares of NASDAQ:IDCC traded up $8.82 during trading on Friday, reaching $210.97. 610,580 shares of the stock were exchanged, compared to its average volume of 409,503. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a 12-month low of $100.27 and a 12-month high of $231.97. The firm's 50-day moving average price is $205.37 and its 200 day moving average price is $192.26.
InterDigital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a $0.60 dividend. This is a boost from InterDigital's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. InterDigital's payout ratio is 19.93%.
Insider Buying and Selling
In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the transaction, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the 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 transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock valued at $2,938,660 in the last three months. 2.30% of the stock is currently owned by corporate insiders.
About InterDigital
(
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.
Featured Stories
Before you consider InterDigital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterDigital wasn't on the list.
While InterDigital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
