AlphaQuest LLC Sells 7,229 Shares of InterDigital, Inc. (NASDAQ:IDCC)

AlphaQuest LLC trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 67.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,430 shares of the Wireless communications provider’s stock after selling 7,229 shares during the quarter. AlphaQuest LLC’s holdings in InterDigital were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IDCC. One Wealth Advisors LLC lifted 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 purchasing an additional 64 shares in the last quarter. Savant Capital LLC lifted its stake in InterDigital by 2.8% during 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 boosted its holdings in shares of InterDigital by 0.5% during 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 last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of InterDigital by 0.8% during 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 last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of InterDigital by 504.5% in the fourth 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 during the period. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 1.0 %

Shares of InterDigital stock opened at $212.59 on Wednesday. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $231.96. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $196.27 and its 200 day moving average is $175.54. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth 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 issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.13%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital’s dividend payout ratio is presently 19.93%.

Insider Transactions at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now directly owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the sale, the chief financial officer now owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,134 shares of company stock worth $4,678,770 in the last ninety days. Insiders own 2.30% of the company’s stock.

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.