BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

BI Asset Management Fondsmaeglerselskab A S cut its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 34.2% during the 4th quarter, Holdings Channel reports. The firm owned 71,513 shares of the Wireless communications provider’s stock after selling 37,161 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in InterDigital were worth $13,853,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. First Trust Advisors LP lifted its position in shares of InterDigital by 14.1% in the 4th quarter. First Trust Advisors LP now owns 103,295 shares of the Wireless communications provider’s stock worth $20,010,000 after purchasing an additional 12,804 shares during the period. NewEdge Advisors LLC raised its stake in InterDigital by 488.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,842 shares of the Wireless communications provider’s stock worth $551,000 after buying an additional 2,359 shares in the last quarter. EAM Investors LLC purchased a new stake in InterDigital in the fourth quarter worth about $5,504,000. XTX Topco Ltd bought a new stake in InterDigital during the 4th quarter valued at approximately $2,052,000. Finally, Peninsula Wealth LLC purchased a new position in shares of InterDigital during the 4th quarter worth approximately $230,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated 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 transaction, the chief technology officer now directly owns 52,396 shares of the company’s stock, valued at $9,693,260. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of the company’s stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,833 shares of company stock worth $2,938,660. Corporate insiders own 2.30% of the company’s stock.

InterDigital Trading Down 3.9 %

IDCC opened at $189.27 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 52 week low of $96.48 and a 52 week high of $231.97. The stock has a market cap of $4.86 billion, a PE ratio of 15.72, a PEG ratio of 1.57 and a beta of 1.44. The business has a 50 day moving average of $208.98 and a 200-day moving average of $189.72.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.27%. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) 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.