Riverwater Partners LLC Has $5.62 Million Stake in InterDigital, Inc. (NASDAQ:IDCC)

Riverwater Partners LLC lifted its stake in InterDigital, Inc. (NASDAQ:IDCC) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,998 shares of the Wireless communications provider’s stock after buying an additional 357 shares during the quarter. InterDigital comprises 2.7% of Riverwater Partners LLC’s portfolio, making the stock its 3rd biggest holding. Riverwater Partners LLC’s holdings in InterDigital were worth $5,617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in IDCC. Flagship Harbor Advisors LLC purchased a new position in InterDigital during the fourth quarter valued at approximately $338,000. Kovitz Investment Group Partners LLC purchased a new position in shares of InterDigital during the 3rd quarter valued at $380,000. Reinhart Partners LLC. boosted its holdings in InterDigital by 83.8% in the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after buying an additional 164,223 shares during the period. Amundi increased its stake in InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock worth $3,989,000 after buying an additional 7,586 shares in the last quarter. Finally, J2 Capital Management Inc bought a new stake in InterDigital during the fourth quarter valued at about $477,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the sale, the chief technology officer now directly owns 71,606 shares in the company, valued at approximately $15,615,836.48. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 owns 30,537 shares of the company’s stock, valued at $6,550,491.87. This 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. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

NASDAQ IDCC opened at $191.31 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $231.97. The business has a 50-day moving average price of $207.18 and a 200-day moving average price of $184.82. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.25%. 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%.

InterDigital Company 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.