O Shaughnessy Asset Management LLC Purchases 5,671 Shares of InterDigital, Inc. (NASDAQ:IDCC)

O Shaughnessy Asset Management LLC grew its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,885 shares of the Wireless communications provider’s stock after acquiring an additional 5,671 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.22% of InterDigital worth $11,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in InterDigital by 18.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,799 shares of the Wireless communications provider’s stock valued at $963,000 after purchasing an additional 1,041 shares during the period. Captrust Financial Advisors boosted its stake in shares of InterDigital by 0.5% in the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after buying an additional 68 shares during the period. Verition Fund Management LLC grew its position in InterDigital by 404.1% during the third quarter. Verition Fund Management LLC now owns 17,937 shares of the Wireless communications provider’s stock worth $2,540,000 after buying an additional 14,379 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in InterDigital during the 3rd quarter worth $234,000. Finally, Wellington Management Group LLP raised its holdings in InterDigital by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider’s stock valued at $22,052,000 after acquiring an additional 8,824 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

IDCC opened at $206.75 on Tuesday. 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, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97. The firm has a market cap of $5.31 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The business’s fifty day moving average is $205.04 and its 200-day moving average is $183.68.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.16%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio is presently 19.93%.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now directly owns 71,606 shares of the company’s stock, valued at $15,615,836.48. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now owns 30,537 shares of the company’s stock, valued at $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock valued at $2,954,830 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

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.