InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen Sells 5,891 Shares

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 5,891 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $189.12, for a total value of $1,114,105.92. Following the sale, the chief executive officer now directly owns 158,652 shares in the company, valued at approximately $30,004,266.24. The trade was a 3.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lawrence Liren Chen also recently made the following trade(s):

• On Wednesday, December 18th, Lawrence Liren Chen sold 5,891 shares of InterDigital stock. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $194.93 on Friday. The company has a market capitalization of $4.94 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a fifty day moving average of $181.89 and a 200-day moving average of $149.10. InterDigital, Inc. has a one year low of $95.33 and a one year high of $203.90.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, January 8th. InterDigital’s dividend payout ratio is 19.23%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IDCC. StockNews.com cut InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Roth Mkm raised their price objective on shares of InterDigital from $146.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th.

Hedge Funds Weigh In On InterDigital

A number of institutional investors have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN lifted its stake in InterDigital by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock valued at $160,441,000 after buying an additional 39,891 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of InterDigital by 51,337.0% in the 2nd quarter. Pacer Advisors Inc. now owns 743,265 shares of the Wireless communications provider’s stock valued at $86,635,000 after acquiring an additional 741,820 shares in the last quarter. Geode Capital Management LLC boosted its stake in InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock worth $83,968,000 after purchasing an additional 3,975 shares during the period. Robeco Institutional Asset Management B.V. grew its position in InterDigital by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock worth $30,420,000 after purchasing an additional 48,137 shares in the last quarter. Finally, Reinhart Partners LLC. acquired a new stake in InterDigital during the 3rd quarter valued at $27,762,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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.