Boston Partners Grows Position in InterDigital, Inc. (NASDAQ:IDCC)

Boston Partners increased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,619,545 shares of the Wireless communications provider’s stock after acquiring an additional 83,794 shares during the quarter. Boston Partners owned approximately 0.06% of InterDigital worth $311,654,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IDCC. Natixis Advisors LLC purchased a new stake in InterDigital in the third quarter worth about $1,427,000. Caprock Group LLC lifted its position in shares of InterDigital by 8.9% during the third quarter. Caprock Group LLC now owns 3,156 shares of the Wireless communications provider’s stock valued at $447,000 after buying an additional 257 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of InterDigital by 37.9% during the third quarter. Moran Wealth Management LLC now owns 3,956 shares of the Wireless communications provider’s stock valued at $560,000 after buying an additional 1,087 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of InterDigital by 658.8% during the third quarter. Intech Investment Management LLC now owns 29,728 shares of the Wireless communications provider’s stock valued at $4,210,000 after buying an additional 25,810 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its holdings in shares of InterDigital by 161.1% during the third quarter. Icon Wealth Advisors LLC now owns 9,140 shares of the Wireless communications provider’s stock valued at $1,294,000 after acquiring an additional 5,640 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,134 shares of company stock valued at $4,678,770 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

InterDigital Stock Performance

IDCC opened at $219.63 on Tuesday. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.64 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The firm’s 50-day moving average price is $197.52 and its 200-day moving average price is $177.77.

InterDigital Increases Dividend

The company also recently disclosed 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 a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.09%. 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.