InterDigital, Inc. (NASDAQ:IDCC) Insider Joshua D. Schmidt Sells 1,781 Shares

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua D. Schmidt sold 1,781 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the sale, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. This represents a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

InterDigital Stock Performance

Shares of IDCC stock traded down $0.09 during trading hours on Thursday, hitting $220.76. The company’s stock had a trading volume of 10,321 shares, compared to its average volume of 410,349. 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 company has a 50 day moving average of $198.76 and a 200 day moving average of $178.64. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.97. The stock has a market cap of $5.67 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is currently 19.93%.

Hedge Funds Weigh In On InterDigital

Several institutional investors and hedge funds have recently modified their holdings of IDCC. Global Retirement Partners LLC grew its holdings in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the period. Elequin Capital LP purchased a new stake in InterDigital in the 4th quarter worth approximately $29,000. Prudent Man Investment Management Inc. acquired a new stake in shares of InterDigital during the 4th quarter worth approximately $39,000. Mendota Financial Group LLC grew its stake in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares during the period. Finally, R Squared Ltd purchased a new position in shares of InterDigital during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

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.