InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 36.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,676 shares of the Wireless communications provider’s stock after purchasing an additional 6,572 shares during the quarter. Los Angeles Capital Management LLC owned about 0.10% of InterDigital worth $4,780,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. One Wealth Advisors LLC grew its stake in InterDigital by 1.8% during the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock worth $697,000 after purchasing an additional 64 shares in the last quarter. Savant Capital LLC boosted its stake in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 64 shares during the period. Captrust Financial Advisors grew its position in shares of InterDigital by 0.5% during the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after buying an additional 68 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock worth $2,383,000 after buying an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in 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 acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 0.2 %

Shares of NASDAQ IDCC opened at $209.91 on Friday. The business has a 50-day moving average of $193.54 and a two-hundred day moving average of $170.90. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $218.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This is a boost 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 yield of 1.14%. InterDigital’s payout ratio is presently 19.93%.

Insider Activity at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction dated 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 sale, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the sale, the chief executive officer now directly owns 164,543 shares of the company’s stock, valued at approximately $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,134 shares of company stock valued at $4,678,770 over the last three months. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.