InterDigital, Inc. (NASDAQ:IDCC) Stock Holdings Cut by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,444 shares of the Wireless communications provider’s stock after selling 63,581 shares during the quarter. InterDigital accounts for about 4.1% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 4th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in InterDigital were worth $42,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC purchased a new position in shares of InterDigital during the 3rd quarter worth approximately $1,427,000. Flagship Harbor Advisors LLC acquired a new position in InterDigital during the fourth quarter worth $338,000. Kovitz Investment Group Partners LLC purchased a new position in shares of InterDigital during the third quarter worth $380,000. Reinhart Partners LLC. grew its stake in shares of InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after buying an additional 164,223 shares in the last quarter. Finally, Amundi grew its stake in shares of InterDigital by 57.0% in the fourth quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock valued at $3,989,000 after buying an additional 7,586 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

IDCC opened at $222.60 on Thursday. The stock’s 50-day moving average price is $202.71 and its 200 day moving average price is $181.66. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.97. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.57 and a beta of 1.45. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio is currently 19.93%.

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the sale, the chief technology officer now owns 52,997 shares in the company, valued at $10,818,277.61. This represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the sale, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,833 shares of company stock valued at $2,954,830. 2.30% of the stock is currently owned by company insiders.

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.