Retirement Guys Formula LLC Buys Shares of 1,260 InterDigital, Inc. (NASDAQ:IDCC)

Retirement Guys Formula LLC bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,260 shares of the Wireless communications provider’s stock, valued at approximately $244,000.

Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in InterDigital in the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new position in shares of InterDigital during the third quarter worth about $26,000. Mendota Financial Group LLC grew 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 buying an additional 290 shares in the last quarter. R Squared Ltd acquired a new position in shares of InterDigital during the fourth quarter worth about $70,000. Finally, Nisa Investment Advisors LLC grew its position in shares of InterDigital by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after buying an additional 233 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Performance

Shares of IDCC opened at $207.62 on Wednesday. The stock has a 50 day moving average price of $189.10 and a 200 day moving average price of $164.66. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $213.38.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.16%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital’s dividend payout ratio is 14.95%.

Insider Activity at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the business’s 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 sale, the insider now owns 24,138 shares in the company, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the sale, the chief technology officer now owns 52,396 shares of the company’s stock, valued at approximately $9,693,260. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,322 shares of company stock valued at $2,562,751 over the last three months. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.