denkapparat Operations GmbH Makes New $1.42 Million Investment in InterDigital, Inc. (NASDAQ:IDCC)

denkapparat Operations GmbH purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the fourth quarter, Holdings Channel reports. The firm purchased 7,340 shares of the Wireless communications provider’s stock, valued at approximately $1,422,000. InterDigital comprises about 2.1% of denkapparat Operations GmbH’s portfolio, making the stock its 2nd largest position.

Other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA lifted its position in shares of InterDigital by 15.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,339 shares of the Wireless communications provider’s stock worth $647,000 after acquiring an additional 438 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in InterDigital in the 4th quarter worth about $365,000. Norges Bank bought a new position in shares of InterDigital in the fourth quarter valued at approximately $17,387,000. Congress Wealth Management LLC DE bought a new position in InterDigital in the 4th quarter worth about $8,570,000. Finally, LPL Financial LLC grew its stake in InterDigital by 54.2% in the 4th quarter. LPL Financial LLC now owns 7,996 shares of the Wireless communications provider’s stock worth $1,549,000 after buying an additional 2,810 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Activity at InterDigital

In other news, insider Joshua D. Schmidt sold 1,781 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total transaction of $388,258.00. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,833 shares of company stock valued at $2,954,830. Corporate insiders own 2.30% of the company’s stock.

InterDigital Stock Down 3.4 %

Shares of NASDAQ:IDCC opened at $215.05 on Friday. The firm has a fifty day moving average of $203.58 and a 200 day moving average of $181.89. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $5.52 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. InterDigital’s dividend payout ratio is 19.93%.

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.