InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 23.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,351 shares of the Wireless communications provider’s stock after selling 51,432 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in InterDigital were worth $31,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors LLC bought a new position in InterDigital during the 3rd quarter valued at $1,427,000. Kovitz Investment Group Partners LLC bought a new position in shares of InterDigital during the third quarter worth about $380,000. Reinhart Partners LLC. grew its stake in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares in the last quarter. Ritholtz Wealth Management increased its holdings in InterDigital by 16.1% in the third quarter. Ritholtz Wealth Management now owns 24,322 shares of the Wireless communications provider’s stock valued at $3,445,000 after buying an additional 3,381 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in InterDigital during the third quarter valued at approximately $475,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Price Performance

IDCC opened at $184.76 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $189.15 and its 200 day moving average price is $160.01. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is 19.23%.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the sale, the chief technology officer now owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,622 shares of company stock worth $2,433,251 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

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.