denkapparat Operations GmbH Purchases New Stake in InterDigital, Inc. (NASDAQ:IDCC)

denkapparat Operations GmbH acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,340 shares of the Wireless communications provider’s stock, valued at approximately $1,422,000. InterDigital makes up approximately 2.1% of denkapparat Operations GmbH’s holdings, making the stock its 2nd largest position.

Several other hedge funds have also recently bought and sold shares of the company. Boston Partners grew its position in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock worth $311,654,000 after acquiring an additional 83,794 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of InterDigital by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock valued at $160,441,000 after purchasing an additional 39,891 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of InterDigital by 0.7% during the third quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock worth $83,968,000 after purchasing an additional 3,975 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after buying an additional 164,223 shares during the period. Finally, Congress Asset Management Co. bought a new position in InterDigital in the 4th quarter valued at approximately $62,583,000. 99.83% of the stock is owned by institutional investors.

Insider Activity at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock worth $2,954,830 over the last three months. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Down 3.4 %

NASDAQ:IDCC opened at $215.05 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.97. The firm’s 50 day simple moving average is $203.58 and its 200 day simple moving average is $181.89. The company has a market cap of $5.52 billion, a PE ratio of 17.86, a P/E/G ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. This is an increase 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%.

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.