InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. cut its stake in InterDigital, Inc. (NASDAQ:IDCC) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,011 shares of the Wireless communications provider’s stock after selling 489 shares during the period. Stockman Wealth Management Inc.’s holdings in InterDigital were worth $390,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in shares of InterDigital in the 4th quarter worth about $1,619,000. Apollon Wealth Management LLC grew its position in InterDigital by 14.9% in the 4th quarter. Apollon Wealth Management LLC now owns 2,498 shares of the Wireless communications provider’s stock worth $484,000 after purchasing an additional 323 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of InterDigital by 29.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider’s stock valued at $378,000 after purchasing an additional 441 shares during the period. One Wealth Advisors LLC raised its holdings in shares of InterDigital by 1.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after buying an additional 64 shares during the last quarter. Finally, Precision Wealth Strategies LLC acquired a new position in shares of InterDigital during the fourth quarter worth approximately $528,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

InterDigital Stock Down 3.5 %

IDCC stock opened at $204.39 on Friday. The firm’s 50-day moving average is $188.74 and its two-hundred day moving average is $163.14. The company has a current ratio of 1.70, a quick ratio of 1.62 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.98, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.17%. This is an increase 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 is 14.95%.

Insider Buying and Selling at InterDigital

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

About InterDigital

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.