Rowlandmiller & PARTNERS.ADV Sells 430 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Rowlandmiller & PARTNERS.ADV trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,657 shares of the Wireless communications provider’s stock after selling 430 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in InterDigital were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp grew its stake in shares of InterDigital by 217.7% during the fourth quarter. Sigma Planning Corp now owns 6,042 shares of the Wireless communications provider’s stock valued at $1,170,000 after purchasing an additional 11,174 shares during the last quarter. Leuthold Group LLC bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $415,000. Global Retirement Partners LLC grew its stake in shares of InterDigital by 504.5% during the fourth 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 during the last quarter. Convergence Investment Partners LLC grew its stake in shares of InterDigital by 35.1% during the fourth quarter. Convergence Investment Partners LLC now owns 18,727 shares of the Wireless communications provider’s stock valued at $3,628,000 after purchasing an additional 4,865 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of InterDigital by 2.2% during the fourth quarter. New York State Common Retirement Fund now owns 8,090 shares of the Wireless communications provider’s stock valued at $1,567,000 after purchasing an additional 173 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

InterDigital Trading Down 2.6 %

Shares of NASDAQ IDCC opened at $211.40 on Monday. The company’s 50 day simple moving average is $192.19 and its 200 day simple moving average is $169.36. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $218.76. The firm has a market capitalization of $5.43 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors 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. This represents a $2.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio is currently 19.93%.

Analyst Ratings Changes

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

Insider Activity at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 158,652 shares in the company, valued at $30,004,266.24. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,134 shares of company stock worth $4,678,770 over the last ninety days. 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.