Joshua D. Schmidt Sells 1,781 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 1,781 shares of the company’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 transaction of $388,258.00. Following the completion of the transaction, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. This trade represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

InterDigital Stock Down 0.8 %

IDCC stock opened at $217.35 on Friday. 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 company’s 50 day moving average is $199.97 and its 200 day moving average is $179.46. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $231.97.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital’s dividend payout ratio is 19.93%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IDCC. Russell Investments Group Ltd. grew its position in InterDigital by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock valued at $568,000 after acquiring an additional 51 shares during the last quarter. One Wealth Advisors LLC grew its position in InterDigital by 1.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after acquiring an additional 64 shares during the last quarter. Savant Capital LLC grew its position in InterDigital by 2.8% during the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after acquiring an additional 64 shares during the last quarter. Captrust Financial Advisors grew its position in InterDigital by 0.5% during the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after acquiring an additional 68 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its position in InterDigital by 3.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock valued at $513,000 after acquiring an additional 83 shares during 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.