Congress Wealth Management LLC DE Takes $8.57 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

Congress Wealth Management LLC DE acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 44,240 shares of the Wireless communications provider’s stock, valued at approximately $8,570,000. Congress Wealth Management LLC DE owned about 0.17% of InterDigital at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in shares of InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 111 shares in the last quarter. Mendota Financial Group LLC boosted its stake in InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after buying an additional 290 shares in the last quarter. R Squared Ltd acquired a new position in InterDigital during the fourth quarter worth about $70,000. Smartleaf Asset Management LLC raised its stake in InterDigital by 468.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after acquiring an additional 511 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of InterDigital by 22.9% in the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 168 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Up 2.0 %

IDCC opened at $221.60 on Tuesday. The company has a market cap of $5.69 billion, a P/E ratio of 18.41, a PEG ratio of 1.57 and a beta of 1.45. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $200.81 and its 200-day moving average is $180.71. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $231.97.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.60 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.08%. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is currently 19.93%.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the sale, the chief technology officer now owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the transaction, the insider now directly 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 ninety days, insiders sold 13,833 shares of company stock worth $2,954,830. Corporate 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.