Retirement Guys Formula LLC Purchases New Shares in InterDigital, Inc. (NASDAQ:IDCC)

Retirement Guys Formula LLC purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,260 shares of the Wireless communications provider’s stock, valued at approximately $244,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. One Wealth Advisors LLC grew its stake in InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after acquiring an additional 64 shares during the period. Savant Capital LLC grew its stake in InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after acquiring an additional 64 shares during the period. Captrust Financial Advisors grew its stake in InterDigital by 0.5% in the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after acquiring an additional 68 shares during the period. Louisiana State Employees Retirement System grew its stake in InterDigital by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after acquiring an additional 100 shares during the period. Finally, Blue Trust Inc. grew its stake in InterDigital by 9.4% in the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock valued at $166,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

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

InterDigital Trading Up 0.3 %

Shares of IDCC opened at $207.62 on Wednesday. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $213.38. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $189.10 and its two-hundred day moving average is $164.66. The stock has a market cap of $5.26 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is 14.95%.

Insiders Place Their Bets

In other news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the transaction, the insider now owns 24,138 shares in the company, valued at $4,397,702.22. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the transaction, the chief executive officer now owns 164,543 shares in the company, valued at approximately $32,141,829.62. This represents a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,322 shares of company stock valued at $2,562,751 in the last 90 days. 2.30% of the stock is owned by insiders.

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.