InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 23.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,351 shares of the Wireless communications provider’s stock after selling 51,432 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.64% of InterDigital worth $31,644,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN increased its position in InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after purchasing an additional 39,891 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of InterDigital by 0.7% during the 3rd 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. grew its holdings in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after buying an additional 164,223 shares in the last quarter. Emerald Advisers LLC raised its position in shares of InterDigital by 50.3% in the third quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after buying an additional 60,575 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of InterDigital by 6.0% during the third quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider’s stock valued at $22,052,000 after buying an additional 8,824 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at InterDigital

In related news, insider Joshua D. Schmidt sold 140 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the transaction, the chief executive officer now directly owns 158,652 shares in the company, valued at approximately $30,004,266.24. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,622 shares of company stock worth $2,433,251 in the last quarter. 2.30% of the stock is owned by insiders.

InterDigital Trading Up 2.6 %

NASDAQ IDCC opened at $184.76 on Friday. The company has a market cap of $4.68 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.97 and a beta of 1.44. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $207.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average of $189.15 and a 200-day moving average of $160.01.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital’s dividend payout ratio is currently 19.23%.

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.