Edgestream Partners L.P. Purchases 13,785 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Edgestream Partners L.P. boosted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 371.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,498 shares of the Wireless communications provider’s stock after acquiring an additional 13,785 shares during the quarter. Edgestream Partners L.P. owned 0.07% of InterDigital worth $3,390,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. One Wealth Advisors LLC increased its position in shares of InterDigital by 1.8% during the 4th 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 during the last quarter. Savant Capital LLC increased its holdings in InterDigital by 2.8% during the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 64 shares during the last quarter. Captrust Financial Advisors raised its position in InterDigital by 0.5% in the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after acquiring an additional 68 shares during the period. Louisiana State Employees Retirement System boosted its stake 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 worth $2,383,000 after acquiring an additional 100 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of InterDigital by 504.5% during 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 during the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Trading Up 2.7 %

NASDAQ:IDCC opened at $215.28 on Friday. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.96. The business has a fifty day moving average price of $195.60 and a 200-day moving average price of $174.20. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. 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 Increases Dividend

The business also recently declared 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 is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. InterDigital’s dividend payout ratio is presently 19.93%.

Insider Transactions at InterDigital

In other news, insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the sale, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the completion of the transaction, the chief executive officer now directly owns 164,543 shares of the company’s stock, valued at $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 23,134 shares of company stock valued at $4,678,770 over the last quarter. 2.30% of the stock is currently owned by company insiders.

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.