Samir Armaly Sells 779 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) Director Samir Armaly sold 779 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.52, for a total transaction of $176,459.08. Following the transaction, the director now owns 3,128 shares of the company's stock, valued at $708,554.56. This trade represents a 19.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

InterDigital Stock Down 1.5%

NASDAQ IDCC traded down $3.33 on Friday, hitting $218.51. 178,275 shares of the stock were exchanged, compared to its average volume of 384,969. 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, Inc. has a fifty-two week low of $114.56 and a fifty-two week high of $231.97. The company has a market cap of $5.67 billion, a PE ratio of 18.15, a PEG ratio of 1.57 and a beta of 1.37. The company has a 50-day moving average price of $209.36 and a 200-day moving average price of $202.58.

InterDigital Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 1.10%. InterDigital's dividend payout ratio (DPR) is 19.03%.

Institutional Trading of InterDigital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners raised its position in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after buying an additional 83,794 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of 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 valued at $118,722,000 after purchasing an additional 21,319 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of InterDigital by 0.3% in 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. grew its stake in InterDigital by 13.9% in 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in InterDigital by 19.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider's stock valued at $74,191,000 after acquiring an additional 59,517 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Company 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.