Strid Group LLC Has $4.89 Million Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Strid Group LLC decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,215 shares of the Wireless communications provider’s stock after selling 3,901 shares during the quarter. InterDigital comprises approximately 0.8% of Strid Group LLC’s investment portfolio, making the stock its 15th biggest holding. Strid Group LLC’s holdings in InterDigital were worth $4,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IDCC. Transcendent Capital Group LLC bought a new stake in shares of InterDigital in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC acquired a new stake in InterDigital in the 3rd quarter valued at approximately $26,000. Mendota Financial Group LLC lifted its stake 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 acquiring an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in InterDigital in the 4th quarter valued at approximately $70,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 233 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $204.13, for a total value of $142,891.00. Following the transaction, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the sale, the chief executive officer now owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. This represents a 3.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,322 shares of company stock valued at $2,562,751. 2.30% of the stock is owned by insiders.

InterDigital Stock Down 3.5 %

Shares of IDCC stock opened at $204.39 on Friday. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $213.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.62 and a current ratio of 1.70. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.41 and a beta of 1.44. The firm’s 50-day moving average is $188.74 and its 200-day moving average is $162.86.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. 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 1.17%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s payout ratio is currently 14.95%.

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.