Strid Group LLC Has $4.89 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Strid Group LLC lowered its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,215 shares of the Wireless communications provider’s stock after selling 3,901 shares during the quarter. InterDigital comprises about 0.8% of Strid Group LLC’s investment portfolio, making the stock its 15th biggest position. Strid Group LLC owned approximately 0.10% of InterDigital worth $4,885,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in shares of InterDigital in the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in InterDigital in the 3rd quarter worth $26,000. Mendota Financial Group LLC raised its holdings in InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after acquiring an additional 290 shares during the period. R Squared Ltd acquired a new position in InterDigital during the 4th quarter worth $70,000. Finally, Nisa Investment Advisors LLC boosted its holdings in InterDigital by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after acquiring an additional 233 shares during the period. 99.83% of the stock is currently owned by institutional investors.

InterDigital Trading Down 3.5 %

InterDigital stock opened at $204.39 on Friday. The business has a 50 day moving average price of $188.74 and a two-hundred day moving average price of $162.86. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $213.38.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.17%. InterDigital’s dividend payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the transaction, the chief technology officer now directly owns 52,396 shares of the company’s stock, valued at approximately $9,693,260. This represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total value of $25,506.60. Following the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,322 shares of company stock valued at $2,562,751. Company 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.