RHS Financial LLC Sells 184 Shares of InterDigital, Inc. (NASDAQ:IDCC)

RHS Financial LLC lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,659 shares of the Wireless communications provider’s stock after selling 184 shares during the period. RHS Financial LLC’s holdings in InterDigital were worth $515,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC boosted its holdings in shares of InterDigital by 14.1% in the 4th quarter. Caprock Group LLC now owns 3,601 shares of the Wireless communications provider’s stock valued at $698,000 after buying an additional 445 shares during the last quarter. Ridgepath Capital Management LLC bought a new stake in InterDigital during the fourth quarter worth $244,000. OLD National Bancorp IN acquired a new stake in InterDigital in the fourth quarter valued at $228,000. R Squared Ltd acquired a new stake in InterDigital in the fourth quarter valued at $70,000. Finally, KBC Group NV grew its position in shares of InterDigital by 57.0% in the 4th quarter. KBC Group NV now owns 958 shares of the Wireless communications provider’s stock valued at $186,000 after acquiring an additional 348 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the sale, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the sale, the chief executive officer now owns 164,543 shares of the company’s stock, valued at $32,141,829.62. This trade represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,622 shares of company stock worth $2,433,251. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

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

InterDigital Stock Down 1.0 %

IDCC opened at $182.98 on Friday. The stock’s fifty day simple moving average is $189.00 and its 200 day simple moving average is $160.43. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $207.08. The stock has a market cap of $4.64 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.05 and a beta of 1.44. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.03.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital’s dividend payout ratio is presently 19.23%.

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.