Quantbot Technologies LP Purchases 12,239 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Quantbot Technologies LP raised its position in InterDigital, Inc. (NASDAQ:IDCC) by 1,667.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,973 shares of the Wireless communications provider’s stock after acquiring an additional 12,239 shares during the period. Quantbot Technologies LP’s holdings in InterDigital were worth $2,513,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Boston Partners lifted its stake in InterDigital by 5.5% in the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock valued at $311,654,000 after acquiring an additional 83,794 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in InterDigital by 3.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock valued at $160,441,000 after acquiring an additional 39,891 shares in the last quarter. Geode Capital Management LLC lifted its stake in InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after acquiring an additional 3,975 shares in the last quarter. Reinhart Partners LLC. lifted its stake in InterDigital by 83.8% in the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after acquiring an additional 164,223 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of InterDigital during the 4th quarter worth approximately $62,583,000. Institutional investors own 99.83% of the company’s stock.

InterDigital Trading Down 0.8 %

Shares of InterDigital stock opened at $217.35 on Friday. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.97. The stock has a market cap of $5.58 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.57 and a beta of 1.45. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $199.97 and its 200-day moving average is $179.77.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio is currently 19.93%.

Insider Transactions at InterDigital

In related news, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the transaction, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. The trade was 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 19,724 shares of company stock worth $4,068,936 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

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.