Aubrey Capital Management Ltd Sells 1,100 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Aubrey Capital Management Ltd lowered its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,900 shares of the Wireless communications provider’s stock after selling 1,100 shares during the period. InterDigital comprises about 2.0% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 11th biggest position. Aubrey Capital Management Ltd’s holdings in InterDigital were worth $5,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IDCC. Disciplined Growth Investors Inc. MN grew its holdings in InterDigital by 3.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after acquiring an additional 39,891 shares during the last quarter. Geode Capital Management LLC grew its holdings in InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock worth $83,968,000 after acquiring an additional 3,975 shares during the last quarter. Reinhart Partners LLC. grew its holdings in InterDigital by 83.8% in the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after acquiring an additional 164,223 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in InterDigital by 28.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock worth $30,420,000 after acquiring an additional 48,137 shares during the last quarter. Finally, Emerald Advisers LLC grew its holdings in InterDigital by 50.3% in the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock worth $25,633,000 after acquiring an additional 60,575 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Insider Activity

In other news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the sale, the chief executive officer now directly owns 158,652 shares in the company, valued at $30,004,266.24. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,322 shares of company stock valued at $2,562,751. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

InterDigital Trading Down 3.5 %

Shares of IDCC opened at $204.39 on Monday. The firm’s 50-day moving average price is $188.74 and its 200-day moving average price is $163.43. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.41 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.08. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $213.38.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.17%. InterDigital’s payout ratio is presently 14.95%.

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.