Prudent Man Investment Management Inc. Purchases New Shares in InterDigital, Inc. (NASDAQ:IDCC)

Prudent Man Investment Management Inc. acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 200 shares of the Wireless communications provider’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its position in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 111 shares in the last quarter. Mendota Financial Group LLC increased its position in shares of InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares during the period. R Squared Ltd acquired a new position in InterDigital in the fourth quarter valued at about $70,000. Smartleaf Asset Management LLC lifted its position in InterDigital by 468.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 511 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in InterDigital by 22.9% during the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total transaction of $129,500.00. Following the completion of the sale, the chief technology officer now owns 52,396 shares in the company, valued at approximately $9,693,260. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,833 shares of company stock worth $2,954,830 in the last ninety days. 2.30% of the stock is owned by insiders.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $210.04 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.39 billion, a PE ratio of 17.45, a PEG ratio of 1.57 and a beta of 1.45. The firm has a 50 day moving average of $204.34 and a 200-day moving average of $183.15. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97.

InterDigital Increases Dividend

The firm 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. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is 19.93%.

InterDigital 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.