Eeva K. Hakoranta Sells 350 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the transaction, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

InterDigital Trading Down 2.6 %

Shares of NASDAQ IDCC opened at $211.40 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.43 billion, a PE ratio of 17.56, a PEG ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $218.76. The stock has a fifty day simple moving average of $192.19 and a 200-day simple moving average of $168.91.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.60 dividend. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, April 9th. InterDigital’s payout ratio is currently 14.95%.

Analyst Ratings Changes

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

Institutional Trading of InterDigital

A number of institutional investors and hedge funds have recently bought and sold shares of IDCC. Russell Investments Group Ltd. increased its stake in InterDigital by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock worth $568,000 after buying an additional 51 shares during the period. One Wealth Advisors LLC boosted its position in InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after buying an additional 64 shares during the period. Savant Capital LLC grew its stake in shares of InterDigital by 2.8% in the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock worth $461,000 after acquiring an additional 64 shares in the last quarter. Captrust Financial Advisors increased its position in shares of InterDigital by 0.5% during the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after acquiring an additional 68 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in shares of InterDigital by 3.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock valued at $513,000 after acquiring an additional 83 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

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.