InterDigital, Inc. (NASDAQ:IDCC) Holdings Raised by Invesco Ltd.

Invesco Ltd. boosted its stake in InterDigital, Inc. (NASDAQ:IDCC) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 327,851 shares of the Wireless communications provider’s stock after acquiring an additional 14,809 shares during the quarter. Invesco Ltd.’s holdings in InterDigital were worth $63,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Global Retirement Partners LLC increased its position in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 111 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of InterDigital in the 4th quarter worth approximately $39,000. Mendota Financial Group LLC raised its holdings in shares of 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 purchasing an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in InterDigital during the fourth quarter worth approximately $70,000. Finally, Smartleaf Asset Management LLC boosted its holdings in InterDigital by 468.8% during the fourth 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 in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the transaction, the chief technology officer now directly owns 78,161 shares in the company, valued at $14,149,485.83. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock worth $2,938,660 in the last quarter. 2.30% of the stock is owned by company insiders.

InterDigital Price Performance

NASDAQ IDCC opened at $201.76 on Tuesday. The stock has a market capitalization of $5.18 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The business’s fifty day moving average is $210.03 and its two-hundred day moving average is $188.60. InterDigital, Inc. has a 1 year low of $95.36 and a 1 year high of $231.97.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.19%. 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 currently 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.