Emerald Advisers LLC Cuts Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Emerald Advisers LLC lowered its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,800 shares of the Wireless communications provider’s stock after selling 19,187 shares during the quarter. InterDigital accounts for about 1.2% of Emerald Advisers LLC’s portfolio, making the stock its 27th largest position. Emerald Advisers LLC owned 0.64% of InterDigital worth $31,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Boston Partners increased its holdings in InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock valued at $311,654,000 after buying an additional 83,794 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in InterDigital by 3.6% in 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 during the last quarter. Geode Capital Management LLC increased its holdings in InterDigital by 0.7% in the third quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after buying an additional 3,975 shares during the last quarter. Reinhart Partners LLC. increased its holdings in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after buying an additional 164,223 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new position in InterDigital in the fourth quarter valued at $62,583,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC stock opened at $217.35 on Friday. The stock’s 50-day moving average is $199.97 and its two-hundred day moving average is $179.77. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $231.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.

InterDigital Increases Dividend

The firm also recently announced 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. This is an increase 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 dividend yield of 1.10%. InterDigital’s dividend payout ratio is 19.93%.

Insider Transactions at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the completion of the sale, the chief executive officer now owns 158,652 shares in the company, valued at $30,004,266.24. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the sale, the insider now owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,724 shares of company stock worth $4,068,936. Company insiders own 2.30% of the company’s stock.

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.