Trek Financial LLC Has $3.65 Million Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Trek Financial LLC decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 33.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,832 shares of the Wireless communications provider’s stock after selling 9,487 shares during the period. Trek Financial LLC owned about 0.07% of InterDigital worth $3,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IDCC. Global Retirement Partners LLC lifted its stake in InterDigital by 504.5% in the 4th 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. Prudent Man Investment Management Inc. acquired a new stake in shares of InterDigital during the fourth quarter worth approximately $39,000. Mendota Financial Group LLC grew its position in InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd acquired a new position in InterDigital in the 4th quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC lifted its position in InterDigital by 468.8% in 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 in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Joshua D. Schmidt sold 1,781 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the transaction, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the sale, the insider now owns 30,537 shares of the company’s stock, valued at $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,833 shares of company stock worth $2,954,830 in the last three months. 2.30% of the stock is owned by insiders.

InterDigital Trading Down 3.4 %

InterDigital stock opened at $191.31 on Friday. 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 12 month low of $95.36 and a 12 month high of $231.97. The company’s fifty day simple moving average is $207.18 and its 200-day simple moving average is $185.16. The stock has a market cap of $4.91 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.57 and a beta of 1.45.

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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. InterDigital’s dividend payout ratio (DPR) is 19.93%.

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.