InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,585 shares of the Wireless communications provider’s stock after selling 3,629 shares during the period. Guggenheim Capital LLC’s holdings in InterDigital were worth $694,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IDCC. Russell Investments Group Ltd. grew its stake in shares of InterDigital by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock valued at $568,000 after buying an additional 51 shares during the period. One Wealth Advisors LLC lifted its stake in shares of InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after purchasing an additional 64 shares during the last quarter. Savant Capital LLC lifted its stake in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after purchasing an additional 64 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of InterDigital by 3.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock worth $513,000 after purchasing an additional 83 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock worth $2,383,000 after buying an additional 100 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Price Performance

Shares of IDCC opened at $191.66 on Friday. The firm has a 50-day simple moving average of $206.98 and a two-hundred day simple moving average of $190.64. The stock has a market cap of $4.92 billion, a PE ratio of 15.92, a P/E/G ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 1-year low of $97.51 and a 1-year high of $231.97. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a dividend of $0.60 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is currently 19.93%.

Insider Activity

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 sale, the chief financial officer now owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the transaction, the insider now owns 30,537 shares of the company’s stock, 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. Over the last ninety days, insiders sold 13,833 shares of company stock valued at $2,938,660. 2.30% of the stock is currently owned by corporate insiders.

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.