200 Shares in InterDigital, Inc. (NASDAQ:IDCC) Acquired by Prudent Man Investment Management Inc.

Prudent Man Investment Management Inc. purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200 shares of the Wireless communications provider’s stock, valued at approximately $39,000.

Several other large investors have also recently modified their holdings of IDCC. One Wealth Advisors LLC boosted its holdings in InterDigital by 1.8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after acquiring an additional 64 shares during the last quarter. Savant Capital LLC lifted its position in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock worth $461,000 after purchasing an additional 64 shares during the period. Captrust Financial Advisors boosted its stake in shares of InterDigital by 0.5% in the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after purchasing an additional 68 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock worth $2,383,000 after buying an additional 100 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 111 shares during the period. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $210.04 on Monday. The firm’s fifty day simple moving average is $204.34 and its two-hundred day simple moving average is $183.15. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.39 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The firm also recently announced 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 is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.14%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is currently 19.93%.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the sale, the chief technology officer now owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the business’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 transaction, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,833 shares of company stock worth $2,954,830. 2.30% of the stock is owned by corporate insiders.

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.