O Shaughnessy Asset Management LLC Buys 5,671 Shares of InterDigital, Inc. (NASDAQ:IDCC)

O Shaughnessy Asset Management LLC grew its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,885 shares of the Wireless communications provider’s stock after buying an additional 5,671 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in InterDigital were worth $11,020,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its position in InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Mendota Financial Group LLC grew its holdings in shares of InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd acquired a new position in shares of InterDigital in the fourth quarter valued at approximately $70,000. Smartleaf Asset Management LLC raised 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 valued at $121,000 after buying an additional 511 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in InterDigital by 1,209.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock worth $129,000 after buying an additional 617 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Down 1.6 %

IDCC opened at $206.75 on Tuesday. The company’s 50 day moving average price is $205.04 and its two-hundred day moving average price is $183.68. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

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 issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.16%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital’s dividend payout ratio is presently 19.93%.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00. Following the completion of the sale, the chief technology officer now owns 52,396 shares of the company’s stock, valued at approximately $9,693,260. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $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 13,833 shares of company stock valued at $2,954,830 in the last three months. Insiders own 2.30% of the company’s stock.

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.