Royce & Associates LP Trims Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Royce & Associates LP lessened its stake in InterDigital, Inc. (NASDAQ:IDCC) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,382 shares of the Wireless communications provider’s stock after selling 222 shares during the period. Royce & Associates LP’s holdings in InterDigital were worth $2,399,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 111 shares during the last quarter. Mendota Financial Group LLC lifted its position in shares of InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd acquired a new position in InterDigital in the fourth quarter worth about $70,000. Smartleaf Asset Management LLC increased its holdings in InterDigital by 468.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock valued at $121,000 after buying an additional 511 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in InterDigital by 1,209.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock valued at $129,000 after buying an additional 617 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the transaction, the chief executive officer now owns 158,652 shares of the company’s stock, valued at $30,004,266.24. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the transaction, the insider now owns 24,395 shares of the company’s stock, valued at approximately $5,318,110. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,024 shares of company stock worth $3,916,280 over the last 90 days. Insiders own 2.30% of the company’s stock.

InterDigital Trading Down 0.8 %

NASDAQ:IDCC opened at $219.14 on Friday. The company has a market cap of $5.63 billion, a PE ratio of 18.20, a P/E/G ratio of 1.57 and a beta of 1.45. The business’s 50 day moving average is $199.33 and its two-hundred day moving average is $178.92. 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 $95.33 and a 52 week high of $231.97.

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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.10%. InterDigital’s dividend payout ratio (DPR) 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.