1,495 Shares in InterDigital, Inc. (NASDAQ:IDCC) Purchased by Headland Capital LLC

Headland Capital LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,495 shares of the Wireless communications provider’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also modified their holdings of IDCC. Global Retirement Partners LLC boosted its holdings in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 111 shares during the period. Prudent Man Investment Management Inc. bought a new stake in InterDigital in the 4th quarter valued at about $39,000. Mendota Financial Group LLC boosted its holdings in InterDigital by 14,500.0% in the 4th 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 during the period. R Squared Ltd bought a new stake in InterDigital in the 4th quarter valued at about $70,000. Finally, Transce3nd LLC bought a new stake in InterDigital in the 4th quarter valued at about $110,000. Institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In related news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the transaction, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the sale, the chief technology officer now owns 78,161 shares of the company’s stock, valued at $14,149,485.83. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock valued at $2,938,660 in the last quarter. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

NASDAQ IDCC opened at $200.53 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.15 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 12-month low of $97.51 and a 12-month high of $231.97. The firm has a 50-day moving average price of $205.73 and a two-hundred day moving average price of $191.88.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is currently 19.93%.

InterDigital 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.