InterDigital, Inc. (NASDAQ:IDCC) Insider Sells $75,078.50 in Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

InterDigital Trading Down 1.5 %

InterDigital stock traded down $3.28 during midday trading on Thursday, hitting $214.01. 58,996 shares of the stock were exchanged, compared to its average volume of 392,037. The stock has a market capitalization of $5.50 billion, a PE ratio of 17.82, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a fifty day simple moving average of $191.43 and a two-hundred day simple moving average of $168.04. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $218.50.

InterDigital Increases Dividend

The company also recently declared 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is currently 14.95%.

Analyst Ratings Changes

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

Institutional Trading of InterDigital

A number of large investors have recently made changes to their positions in IDCC. Global Retirement Partners LLC lifted its holdings in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares in the last quarter. Elequin Capital LP bought a new position in shares of InterDigital during the 4th quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new position in shares of InterDigital in the 3rd quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in InterDigital during the 4th quarter worth approximately $39,000. Finally, Mendota Financial Group LLC increased its stake in InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Company 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.