Commonwealth Equity Services LLC Reduces Stake in InterDigital, Inc. (NASDAQ:IDCC)

Commonwealth Equity Services LLC lowered its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 27.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,385 shares of the Wireless communications provider’s stock after selling 14,790 shares during the quarter. Commonwealth Equity Services LLC’s holdings in InterDigital were worth $7,436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC lifted 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 worth $26,000 after buying an additional 111 shares during the period. Mendota Financial Group LLC lifted 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 worth $57,000 after buying an additional 290 shares during the period. R Squared Ltd purchased a new stake in InterDigital in the 4th quarter worth approximately $70,000. Smartleaf Asset Management LLC lifted its holdings in InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after buying an additional 511 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in InterDigital by 22.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 168 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Activity

In other news, insider Joshua D. Schmidt sold 1,781 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the transaction, the insider now owns 24,395 shares in the company, valued at $5,318,110. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 19,024 shares of company stock worth $3,916,280 in the last quarter. 2.30% of the stock is owned by company insiders.

InterDigital Trading Down 0.8 %

IDCC opened at $219.14 on Friday. The stock has a market cap of $5.63 billion, a PE ratio of 18.20, a PEG ratio of 1.57 and a beta of 1.45. 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 business has a 50 day moving average of $199.33 and a 200-day moving average of $178.92. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week 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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

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.