Yorktown Management & Research Co Inc Takes Position in InterDigital, Inc. (NASDAQ:IDCC)

Yorktown Management & Research Co Inc acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,450 shares of the Wireless communications provider’s stock, valued at approximately $300,000.

Several other large investors have also modified their holdings of the company. Amundi increased its holdings in shares of InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock valued at $3,989,000 after acquiring an additional 7,586 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of InterDigital by 4.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider’s stock valued at $808,000 after buying an additional 160 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of InterDigital by 1,209.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock valued at $129,000 after buying an additional 617 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of InterDigital during the fourth quarter worth about $446,000. Finally, Raymond James Financial Inc. purchased a new position in shares of InterDigital during the fourth quarter worth about $9,040,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Performance

Shares of IDCC stock opened at $232.47 on Tuesday. The stock’s 50-day moving average price is $212.21 and its 200 day moving average price is $203.81. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $6.03 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. InterDigital, Inc. has a 52-week low of $114.56 and a 52-week high of $234.65.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital’s dividend payout ratio is presently 19.03%.

Insider Activity at InterDigital

In other InterDigital news, Director Jean F. Rankin sold 606 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.47, for a total transaction of $137,240.82. Following the transaction, the director now owns 27,353 shares in the company, valued at approximately $6,194,633.91. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John A. Kritzmacher sold 519 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the transaction, the director now directly owns 19,774 shares in the company, valued at $4,481,777.10. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,296 shares of company stock worth $714,728 in the last three months. Insiders own 2.30% of the company’s stock.

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.