Quantbot Technologies LP Buys 12,239 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Quantbot Technologies LP raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 1,667.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,973 shares of the Wireless communications provider’s stock after acquiring an additional 12,239 shares during the quarter. Quantbot Technologies LP owned approximately 0.05% of InterDigital worth $2,513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IDCC. Global Retirement Partners LLC raised its holdings in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 111 shares during the last quarter. Mendota Financial Group LLC raised its holdings 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 valued at $57,000 after buying an additional 290 shares during the last quarter. R Squared Ltd bought a new position in shares of InterDigital in the fourth quarter valued at about $70,000. Smartleaf Asset Management LLC raised its holdings in shares of InterDigital by 468.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock valued at $121,000 after buying an additional 511 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in InterDigital by 22.9% in the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 168 shares during the period. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the transaction, the chief technology officer now directly owns 71,606 shares in the company, valued at approximately $15,615,836.48. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following 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 a total of 19,724 shares of company stock worth $4,068,936 over the last three months. 2.30% of the stock is currently owned by company insiders.

InterDigital Price Performance

Shares of IDCC stock opened at $217.35 on Friday. The stock has a 50-day moving average price of $199.97 and a 200 day moving average price of $179.77. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

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.