Rajesh Pankaj Sells 1,000 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $224.58, for a total transaction of $224,580.00. Following the transaction, the chief technology officer owned 76,580 shares in the company, valued at approximately $17,198,336.40. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

InterDigital Trading Up 0.1%

Shares of NASDAQ IDCC traded up $0.20 during midday trading on Tuesday, reaching $226.24. The stock had a trading volume of 65,722 shares, compared to its average volume of 369,819. The company's 50 day moving average price is $219.12 and its 200 day moving average price is $206.15. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. InterDigital, Inc. has a twelve month low of $120.18 and a twelve month high of $237.50.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is 19.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners lifted its position in InterDigital by 5.5% during the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after buying an additional 83,794 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of InterDigital by 3.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after buying an additional 21,319 shares during the period. 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 worth $115,240,000 after purchasing an additional 1,991 shares during the period. Reinhart Partners LLC. boosted its position in InterDigital by 13.9% during the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider's stock valued at $84,859,000 after acquiring an additional 50,204 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in InterDigital by 19.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider's stock worth $74,191,000 after acquiring an additional 59,517 shares during the period. 99.83% of the stock is currently owned by institutional investors.

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.

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