InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,550 shares of the Wireless communications provider’s stock after selling 714 shares during the period. Farther Finance Advisors LLC’s holdings in InterDigital were worth $494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 111 shares during the period. 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 buying an additional 290 shares during the period. R Squared Ltd purchased a new stake in InterDigital during the 4th quarter worth $70,000. Smartleaf Asset Management LLC increased its stake in InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after buying an additional 511 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in InterDigital by 1,209.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock worth $129,000 after buying an additional 617 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In other news, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the sale, the insider now owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was 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 directly owns 52,997 shares of the company’s stock, valued at $10,818,277.61. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,134 shares of company stock valued at $4,678,770. Insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

InterDigital stock opened at $217.09 on Monday. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.96. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s fifty day moving average price is $197.16 and its 200 day moving average price is $177.19.

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 given a $0.60 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.11%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is presently 19.93%.

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.