InterDigital, Inc. (NASDAQ:IDCC) Stock Position Increased by Riverwater Partners LLC

Riverwater Partners LLC raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,998 shares of the Wireless communications provider’s stock after buying an additional 357 shares during the quarter. InterDigital comprises about 2.7% of Riverwater Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Riverwater Partners LLC owned about 0.11% of InterDigital worth $5,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of IDCC. Global Retirement Partners LLC raised its holdings in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of InterDigital in the fourth quarter worth $39,000. Mendota Financial Group LLC boosted its position in shares of InterDigital by 14,500.0% during 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 during the last quarter. R Squared Ltd purchased a new stake in shares of InterDigital during the fourth quarter valued at $70,000. Finally, Smartleaf Asset Management LLC raised its position in InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after buying an additional 511 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the completion of the sale, the chief technology officer now owns 71,606 shares of the company’s stock, valued at $15,615,836.48. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the transaction, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,833 shares of company stock valued at $2,954,830. Company insiders own 2.30% of the company’s stock.

InterDigital Price Performance

IDCC opened at $191.31 on Friday. The company’s 50-day simple moving average is $207.18 and its two-hundred day simple moving average is $184.82. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $231.97. The stock has a market capitalization of $4.91 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.57 and a beta of 1.45. 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 Increases Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.25%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is currently 19.93%.

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.