Aubrey Capital Management Ltd Sells 1,100 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Aubrey Capital Management Ltd reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,900 shares of the Wireless communications provider’s stock after selling 1,100 shares during the period. InterDigital comprises 2.0% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 11th biggest position. Aubrey Capital Management Ltd owned approximately 0.11% of InterDigital worth $5,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of IDCC. Transcendent Capital Group LLC purchased a new stake in shares of InterDigital during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in shares of InterDigital during the 3rd quarter valued at approximately $26,000. Mendota Financial Group LLC lifted its stake in shares of InterDigital by 14,500.0% during the 4th 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 in the last quarter. R Squared Ltd purchased a new stake in shares of InterDigital during the 4th quarter valued at approximately $70,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of InterDigital by 58.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after buying an additional 233 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

InterDigital Stock Performance

NASDAQ IDCC opened at $204.39 on Monday. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $213.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.70 and a quick ratio of 1.62. The stock has a market capitalization of $5.18 billion, a PE ratio of 16.98, a P/E/G ratio of 2.41 and a beta of 1.44. The company’s 50 day simple moving average is $188.74 and its two-hundred day simple moving average is $163.43.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.17%. InterDigital’s dividend payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total value of $129,500.00. Following the sale, the chief technology officer now directly owns 52,396 shares in the company, valued at $9,693,260. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction 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 sale, the insider now owns 24,138 shares in the company, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,322 shares of company stock worth $2,562,751 in the last three months. 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.