Royce & Associates LP Lowers Stake in InterDigital, Inc. (NASDAQ:IDCC)

Royce & Associates LP cut its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,382 shares of the Wireless communications provider’s stock after selling 222 shares during the quarter. Royce & Associates LP’s holdings in InterDigital were worth $2,399,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in 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 purchasing an additional 111 shares in the last quarter. Mendota Financial Group LLC grew its stake in InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after buying an additional 290 shares during the period. R Squared Ltd acquired a new stake in shares of InterDigital in the fourth quarter worth $70,000. Smartleaf Asset Management LLC increased its position 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 worth $121,000 after acquiring an additional 511 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock valued at $129,000 after acquiring an additional 617 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Down 0.8 %

Shares of InterDigital stock opened at $219.14 on Friday. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $231.97. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth 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. The company has a fifty day moving average price of $199.33 and a 200 day moving average price of $178.92.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.60 dividend. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. InterDigital’s dividend payout ratio is presently 19.93%.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of the 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 completion of the sale, the insider now owns 24,395 shares of the company’s stock, valued at $5,318,110. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,024 shares of company stock worth $3,916,280. 2.30% of the stock is currently owned by corporate insiders.

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.