Retirement Guys Formula LLC Sells 288 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Retirement Guys Formula LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 22.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 972 shares of the Wireless communications provider’s stock after selling 288 shares during the quarter. Retirement Guys Formula LLC’s holdings in InterDigital were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi grew its stake in InterDigital by 57.0% during the fourth quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock worth $3,989,000 after purchasing an additional 7,586 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in InterDigital by 4.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider’s stock worth $808,000 after buying an additional 160 shares in 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 purchasing an additional 617 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in InterDigital during the fourth quarter worth about $446,000. Finally, Raymond James Financial Inc. bought a new stake in InterDigital in the 4th quarter worth about $9,040,000. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Derek K. Aberle sold 692 shares of InterDigital stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.41, for a total value of $156,675.72. Following the completion of the transaction, the director now directly owns 6,192 shares in the company, valued at approximately $1,401,930.72. The trade was a 10.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Samir Armaly sold 779 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the sale, the director now directly owns 3,128 shares in the company, valued at $708,554.56. The trade was a 19.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,296 shares of company stock valued at $714,728. 2.30% of the stock is owned by company insiders.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $232.47 on Tuesday. The company has a market capitalization of $6.03 billion, a PE ratio of 18.44, a PEG ratio of 1.45 and a beta of 1.37. 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’s 50 day moving average price is $212.21 and its 200-day moving average price is $203.81. InterDigital, Inc. has a twelve month low of $114.56 and a twelve month high of $234.18.

InterDigital Dividend Announcement

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

About InterDigital

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.