Invesco Ltd. Grows Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Invesco Ltd. lifted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,851 shares of the Wireless communications provider’s stock after acquiring an additional 14,809 shares during the quarter. Invesco Ltd. owned about 1.29% of InterDigital worth $63,511,000 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. Flagship Harbor Advisors LLC purchased a new stake in shares of InterDigital during the 4th quarter valued at about $338,000. Reinhart Partners LLC. lifted its position in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares in the last quarter. Amundi boosted its stake in shares of InterDigital by 57.0% in the fourth 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 purchased a new stake in InterDigital during the 4th quarter worth $477,000. Finally, Geode Capital Management LLC boosted its position in InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after buying an additional 3,975 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Down 0.1 %

NASDAQ:IDCC opened at $201.76 on Tuesday. InterDigital, Inc. has a one year low of $95.36 and a one year high of $231.97. The business’s 50-day simple moving average is $210.03 and its 200 day simple moving average is $188.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.19%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

Insider Activity at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total value of $129,500.00. Following the sale, the chief technology officer now owns 52,396 shares in the company, valued at $9,693,260. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,833 shares of company stock valued at $2,938,660 over the last ninety days. Corporate 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.