InterDigital, Inc. (NASDAQ:IDCC) Insider Sells $388,258.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 1,781 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total transaction of $388,258.00. Following the transaction, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

InterDigital Trading Down 0.0 %

NASDAQ:IDCC traded down $0.09 during midday trading on Thursday, hitting $220.76. The stock had a trading volume of 10,321 shares, compared to its average volume of 410,349. The stock has a 50-day moving average of $198.76 and a 200 day moving average of $178.64. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.97. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.60 dividend. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.09%. InterDigital’s payout ratio is 19.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDCC. Global Retirement Partners LLC increased its holdings in shares of InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 111 shares in the last quarter. Elequin Capital LP purchased a new stake in InterDigital during the 4th quarter worth approximately $29,000. Prudent Man Investment Management Inc. acquired a new position in InterDigital during the 4th quarter valued at approximately $39,000. Mendota Financial Group LLC grew its holdings in shares of 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 buying an additional 290 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of InterDigital in the 4th quarter valued at $70,000. 99.83% of the stock is currently owned by hedge funds and other 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.