1,550 Shares in InterDigital, Inc. (NASDAQ:IDCC) Acquired by Morton Brown Family Wealth LLC

Morton Brown Family Wealth LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,550 shares of the Wireless communications provider’s stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in InterDigital in the third quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new position in InterDigital in the 3rd quarter worth $26,000. Mendota Financial Group LLC lifted its position in InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in InterDigital during the fourth quarter valued at about $70,000. Finally, Nisa Investment Advisors LLC increased its position in InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after buying an additional 233 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

InterDigital Stock Down 0.3 %

Shares of NASDAQ IDCC opened at $214.29 on Tuesday. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.41 and a beta of 1.44. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $216.00. The firm’s 50-day moving average price is $190.50 and its 200-day moving average price is $167.13. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.08.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. InterDigital’s dividend payout ratio (DPR) is currently 14.95%.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the sale, the chief executive officer now directly owns 158,652 shares of the company’s stock, valued at $30,004,266.24. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,182 shares of company stock worth $2,537,245 over the last three months. 2.30% of the stock is owned by insiders.

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.