InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the transaction, the insider now owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
InterDigital Trading Down 2.6 %
InterDigital stock opened at $211.40 on Friday. The firm has a 50 day simple moving average of $192.19 and a 200-day simple moving average of $169.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $5.43 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $218.76.
InterDigital Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. 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 1.14%. InterDigital’s dividend payout ratio (DPR) is 19.93%.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Formidable Asset Management LLC bought a new position in shares of InterDigital in the fourth quarter valued at approximately $232,000. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in InterDigital during the fourth quarter worth approximately $219,000. Elequin Capital LP bought a new stake in InterDigital during the fourth quarter worth approximately $29,000. Twinbeech Capital LP boosted its holdings in InterDigital by 243.7% during the fourth quarter. Twinbeech Capital LP now owns 26,571 shares of the Wireless communications provider’s stock worth $5,147,000 after buying an additional 18,841 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in InterDigital by 138.7% during the fourth quarter. Two Sigma Advisers LP now owns 29,910 shares of the Wireless communications provider’s stock worth $5,794,000 after buying an additional 17,379 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.
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.
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