Rowlandmiller & PARTNERS.ADV Has $2.45 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Rowlandmiller & PARTNERS.ADV cut its position in InterDigital, Inc. (NASDAQ:IDCC) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,657 shares of the Wireless communications provider’s stock after selling 430 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in InterDigital were worth $2,452,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC bought a new stake in shares of InterDigital during the third quarter worth $1,427,000. Flagship Harbor Advisors LLC bought a new stake in shares of InterDigital during the fourth quarter worth $338,000. Kovitz Investment Group Partners LLC bought a new stake in shares of InterDigital during the third quarter worth $380,000. Reinhart Partners LLC. increased its position in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after acquiring an additional 164,223 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in shares of InterDigital during the third quarter worth $475,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares of the company’s stock, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,134 shares of company stock valued at $4,678,770. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

InterDigital Stock Down 2.6 %

InterDigital stock opened at $211.40 on Monday. The company has a market cap of $5.43 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $218.76. The company has a fifty day simple moving average of $192.19 and a 200 day simple moving average of $169.36. 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 announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.60 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is 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.