Stockman Wealth Management Inc. Has $390,000 Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Stockman Wealth Management Inc. decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 19.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,011 shares of the Wireless communications provider’s stock after selling 489 shares during the period. Stockman Wealth Management Inc.’s holdings in InterDigital were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of InterDigital in the second quarter worth $596,000. SG Americas Securities LLC acquired a new stake in InterDigital during the 3rd quarter worth about $417,000. Handelsbanken Fonder AB boosted its position in InterDigital by 29.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,030 shares of the Wireless communications provider’s stock worth $996,000 after acquiring an additional 1,600 shares during the period. GAMMA Investing LLC increased its holdings in shares of InterDigital by 81.3% in the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock valued at $94,000 after purchasing an additional 299 shares during the period. Finally, CWM LLC lifted its position in shares of InterDigital by 34.0% in the third quarter. CWM LLC now owns 851 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 216 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the transaction, the chief executive officer now directly owns 164,543 shares in the company, valued at $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total value of $142,891.00. Following the completion of the sale, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,322 shares of company stock valued at $2,562,751. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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 Performance

Shares of NASDAQ IDCC opened at $204.39 on Friday. InterDigital, Inc. has a one year low of $95.33 and a one year high of $213.38. The business’s 50-day moving average price is $188.74 and its two-hundred day moving average price is $163.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.70 and a quick ratio of 1.62. The company has a market capitalization of $5.18 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44.

InterDigital Increases Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.17%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio is currently 14.95%.

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.