Integrated Quantitative Investments LLC Purchases Shares of 7,800 InterDigital, Inc. (NASDAQ:IDCC)

Integrated Quantitative Investments LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,800 shares of the Wireless communications provider’s stock, valued at approximately $1,511,000. InterDigital makes up approximately 0.7% of Integrated Quantitative Investments LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PAX Financial Group LLC bought a new stake in shares of InterDigital in the 4th quarter worth about $1,361,000. ExodusPoint Capital Management LP bought a new position in InterDigital during the 4th quarter worth approximately $8,568,000. Trexquant Investment LP increased its holdings in shares of InterDigital by 222.7% in the 4th quarter. Trexquant Investment LP now owns 24,020 shares of the Wireless communications provider’s stock valued at $4,653,000 after acquiring an additional 16,576 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of InterDigital by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider’s stock worth $115,240,000 after purchasing an additional 1,991 shares during the period. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of InterDigital in the 4th quarter worth approximately $39,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $198.07 on Friday. The firm’s 50 day moving average is $206.89 and its two-hundred day moving average is $184.43. The firm has a market capitalization of $5.09 billion, a P/E ratio of 16.45, a PEG ratio of 1.57 and a beta of 1.45. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $231.97.

InterDigital Increases Dividend

The firm 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is 19.93%.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the transaction, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $204.13, for a total value of $142,891.00. Following the sale, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,833 shares of company stock valued at $2,954,830. Company 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.