Axxcess Wealth Management LLC Acquires Shares of 6,322 InterDigital, Inc. (NASDAQ:IDCC)

Axxcess Wealth Management LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,322 shares of the Wireless communications provider’s stock, valued at approximately $1,225,000.

A number of other large investors have also modified their holdings of IDCC. Natixis Advisors LLC acquired a new position in InterDigital during the third quarter worth about $1,427,000. Flagship Harbor Advisors LLC acquired a new position in shares of InterDigital during the 4th quarter worth approximately $338,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of InterDigital in the third quarter valued at approximately $380,000. Reinhart Partners LLC. increased its holdings in shares of InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Finally, J2 Capital Management Inc purchased a new position in InterDigital during the fourth quarter worth approximately $477,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insiders Place Their Bets

In other news, insider Joshua D. Schmidt sold 1,781 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the transaction, the insider now owns 24,395 shares of the company’s stock, valued at $5,318,110. This represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00. Following the completion of the sale, the chief technology officer now owns 52,396 shares in the company, valued at approximately $9,693,260. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,024 shares of company stock valued at $3,916,280 over the last ninety days. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Down 0.8 %

Shares of NASDAQ:IDCC opened at $219.14 on Friday. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97. The stock has a market cap of $5.63 billion, a P/E ratio of 18.20, a PEG ratio of 1.57 and a beta of 1.45. The business has a fifty day moving average of $199.33 and a two-hundred day moving average of $178.92. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

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.