Teachers Retirement System of The State of Kentucky Sells 1,660 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Teachers Retirement System of The State of Kentucky trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 16.8% in the fourth quarter, Holdings Channel reports. The fund owned 8,195 shares of the Wireless communications provider’s stock after selling 1,660 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in InterDigital were worth $1,587,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Boston Partners grew its position in shares of InterDigital by 5.5% in the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock valued at $311,654,000 after purchasing an additional 83,794 shares during the period. Geode Capital Management LLC lifted its stake in InterDigital by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider’s stock valued at $115,240,000 after buying an additional 1,991 shares in the last quarter. Reinhart Partners LLC. boosted 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 buying an additional 164,223 shares during the period. Invesco Ltd. increased its position in shares of InterDigital by 4.7% during the fourth quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider’s stock worth $63,511,000 after acquiring an additional 14,809 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of InterDigital during the fourth quarter worth $62,583,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Trading Up 1.1 %

IDCC opened at $193.75 on Friday. The firm’s fifty day simple moving average is $206.51 and its 200 day simple moving average is $191.27. The stock has a market capitalization of $4.98 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 12 month low of $97.51 and a 12 month high of $231.97.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were 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 dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, April 9th. InterDigital’s dividend payout ratio is currently 19.93%.

Insider Buying and Selling

In related news, CFO Richard Brezski sold 9,602 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the sale, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,833 shares of company stock worth $2,938,660. 2.30% of the stock is owned by corporate insiders.

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.