InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 700 Shares

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the transaction, the chief technology officer now owns 71,606 shares in the company, valued at $15,615,836.48. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Rajesh Pankaj also recently made the following trade(s):

• On Wednesday, February 5th, Rajesh Pankaj sold 700 shares of InterDigital stock. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00.
• On Monday, January 6th, Rajesh Pankaj sold 700 shares of InterDigital stock. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00.

InterDigital Trading Down 0.5 %

Shares of IDCC stock traded down $1.06 during mid-day trading on Friday, reaching $218.08. The stock had a trading volume of 55,214 shares, compared to its average volume of 410,456. The stock’s 50-day moving average price is $199.33 and its two-hundred day moving average price is $178.92. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97. The firm has a market capitalization of $5.60 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. 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 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. This represents a $2.40 annualized dividend and a yield of 1.10%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital’s payout ratio is presently 19.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IDCC. Congress Asset Management Co. purchased a new position in shares of InterDigital during the 4th quarter worth approximately $62,583,000. Price T Rowe Associates Inc. MD grew its holdings in shares of InterDigital by 1,451.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider’s stock worth $57,986,000 after acquiring an additional 280,030 shares during the period. Reinhart Partners LLC. grew its holdings 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 acquiring an additional 164,223 shares during the period. Millennium Management LLC grew its holdings in shares of InterDigital by 3,962.5% during the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider’s stock worth $24,947,000 after acquiring an additional 125,610 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of InterDigital during the 4th quarter worth approximately $19,572,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.