Monument Capital Management Makes New Investment in InterDigital, Inc. (NASDAQ:IDCC)

Monument Capital Management acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,195 shares of the Wireless communications provider’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors LLC acquired a new position in InterDigital in the 3rd quarter valued at approximately $1,427,000. Flagship Harbor Advisors LLC acquired a new position in shares of InterDigital in the fourth quarter valued at $338,000. Reinhart Partners LLC. lifted its position in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in InterDigital during the third quarter worth $380,000. Finally, Olympiad Research LP bought a new stake in InterDigital in the 3rd quarter valued at $475,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total transaction of $129,500.00. Following the sale, the chief technology officer now owns 52,396 shares in the company, valued at approximately $9,693,260. This represents a 1.32 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction on 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 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 13,182 shares of company stock worth $2,537,245 in the last quarter. 2.30% of the stock is owned by corporate insiders.

InterDigital Price Performance

Shares of IDCC stock opened at $214.29 on Tuesday. The stock’s fifty day simple moving average is $190.50 and its 200 day simple moving average is $167.13. InterDigital, Inc. has a one year low of $95.33 and a one year high of $216.00. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.41 and a beta of 1.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.70 and a quick ratio of 1.62.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.60 dividend. 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. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. InterDigital’s dividend payout ratio is presently 14.95%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research 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.