Segall Bryant & Hamill LLC Has $5.84 Million Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Segall Bryant & Hamill LLC cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,268 shares of the Wireless communications provider’s stock after selling 3,760 shares during the period. Segall Bryant & Hamill LLC owned 0.11% of InterDigital worth $5,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IDCC. Elequin Capital LP acquired a new stake in InterDigital during the fourth quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in InterDigital during the 1st quarter valued at approximately $32,000. Prudent Man Investment Management Inc. bought a new position in InterDigital in the 4th quarter worth about $39,000. Versant Capital Management Inc raised its stake in shares of InterDigital by 957.9% in the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider’s stock worth $42,000 after purchasing an additional 182 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in shares of InterDigital in the 4th quarter worth $110,000. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director John A. Kritzmacher sold 519 shares of InterDigital stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the sale, the director directly owned 19,774 shares in the company, valued at $4,481,777.10. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Samir Armaly sold 779 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 3,128 shares in the company, valued at $708,554.56. The trade was a 19.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,062 shares of company stock worth $920,853 over the last three months. 2.80% of the stock is owned by insiders.

InterDigital Stock Up 0.3%

Shares of NASDAQ IDCC opened at $229.51 on Friday. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.46 and a beta of 1.36. InterDigital, Inc. has a 52-week low of $120.18 and a 52-week high of $237.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a 50 day moving average price of $222.14 and a 200 day moving average price of $207.85.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.05%. InterDigital’s dividend 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.