XTX Topco Ltd Invests $2.05 Million in InterDigital, Inc. (NASDAQ:IDCC)

XTX Topco Ltd purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,595 shares of the Wireless communications provider’s stock, valued at approximately $2,052,000.

Other large investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in shares of InterDigital during the fourth quarter worth approximately $338,000. Reinhart Partners LLC. raised its position in shares of InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after acquiring an additional 164,223 shares during the last quarter. Amundi lifted its stake in shares of InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock valued at $3,989,000 after purchasing an additional 7,586 shares during the period. J2 Capital Management Inc bought a new position in shares of InterDigital in the 4th quarter worth $477,000. Finally, Geode Capital Management LLC grew its stake in shares of InterDigital by 0.7% during the third 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. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of InterDigital 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 sale, the chief financial officer now owns 102,555 shares of the company’s stock, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the transaction, the chief technology officer now directly owns 78,161 shares of the company’s stock, valued at $14,149,485.83. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,833 shares of company stock worth $2,938,660. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Down 0.3 %

NASDAQ:IDCC opened at $201.93 on Monday. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 1-year low of $95.36 and a 1-year high of $231.97. The business’s 50-day moving average price is $209.65 and its two-hundred day moving average price is $188.18. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This is a positive change 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 yield of 1.19%. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

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.