Gallacher Capital Management LLC Has $440,000 Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Gallacher Capital Management LLC raised its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 6.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,273 shares of the Wireless communications provider’s stock after acquiring an additional 147 shares during the quarter. Gallacher Capital Management LLC’s holdings in InterDigital were worth $440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. acquired a new stake in shares of InterDigital in the fourth quarter valued at about $62,583,000. Reinhart Partners LLC. increased its position in shares of InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of InterDigital during the 4th quarter worth approximately $9,040,000. Disciplined Growth Investors Inc. MN increased its holdings in InterDigital by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after buying an additional 39,891 shares during the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new position in InterDigital during the fourth quarter worth $7,062,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value 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. The trade was a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction on 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 owns 30,537 shares in the company, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,134 shares of company stock valued at $4,678,770 over the last 90 days. 2.30% of the stock is currently owned by insiders.

InterDigital Price Performance

Shares of IDCC opened at $217.09 on Friday. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.57 and a beta of 1.45. The company’s fifty day simple moving average is $197.16 and its 200 day simple moving average is $176.89. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $231.96. 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 declared 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is 19.93%.

InterDigital 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.