InterDigital, Inc. (NASDAQ:IDCC) Stake Raised by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 222.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,020 shares of the Wireless communications provider’s stock after purchasing an additional 16,576 shares during the period. Trexquant Investment LP owned approximately 0.09% of InterDigital worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Boston Partners boosted its holdings in InterDigital by 5.5% during the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock worth $311,654,000 after buying an additional 83,794 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after acquiring an additional 39,891 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of InterDigital by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider’s stock worth $115,240,000 after acquiring an additional 1,991 shares during the last quarter. Reinhart Partners LLC. raised its position in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares during the period. Finally, Congress Asset Management Co. purchased a new stake in shares of InterDigital during the fourth quarter valued at $62,583,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00. Following the transaction, the chief technology officer now directly owns 52,396 shares in the company, valued at $9,693,260. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,833 shares of company stock worth $2,954,830 over the last 90 days. 2.30% of the stock is owned by company insiders.

InterDigital Trading Down 3.4 %

Shares of IDCC opened at $191.31 on Friday. The business’s 50-day moving average price is $207.18 and its 200 day moving average price is $185.16. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $4.91 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 1-year low of $95.36 and a 1-year high of $231.97.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.60 dividend. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is 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.