InterDigital, Inc. (NASDAQ:IDCC) CFO Richard Brezski Sells 9,602 Shares

InterDigital, Inc. (NASDAQ:IDCC) CFO Richard Brezski sold 9,602 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

InterDigital Stock Down 0.1 %

Shares of InterDigital stock opened at $217.00 on Friday. InterDigital, Inc. has a one year low of $95.33 and a one year high of $218.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a fifty day moving average of $191.85 and a two-hundred day moving average of $168.38. The company has a market cap of $5.57 billion, a P/E ratio of 18.02, a PEG ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. 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 dividend on an annualized basis and a dividend yield of 1.11%. InterDigital’s dividend payout ratio is 14.95%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Formidable Asset Management LLC acquired a new position in shares of InterDigital during the 4th quarter worth $232,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in InterDigital during the fourth quarter worth about $219,000. Elequin Capital LP purchased a new stake in shares of InterDigital in the fourth quarter valued at about $29,000. Twinbeech Capital LP increased its stake in shares of InterDigital by 243.7% during the 4th quarter. Twinbeech Capital LP now owns 26,571 shares of the Wireless communications provider’s stock worth $5,147,000 after purchasing an additional 18,841 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of InterDigital by 138.7% during the 4th quarter. Two Sigma Advisers LP now owns 29,910 shares of the Wireless communications provider’s stock worth $5,794,000 after purchasing an additional 17,379 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Company 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.