KLP Kapitalforvaltning AS Takes $2.33 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

KLP Kapitalforvaltning AS acquired a new position in InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 12,000 shares of the Wireless communications provider’s stock, valued at approximately $2,325,000.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in InterDigital by 504.5% in 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. Mendota Financial Group LLC increased its stake in shares of InterDigital by 14,500.0% in 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 in the last quarter. R Squared Ltd bought a new position in InterDigital in the 4th quarter worth $70,000. Smartleaf Asset Management LLC lifted its position in InterDigital by 468.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock valued at $121,000 after purchasing an additional 511 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in InterDigital by 22.9% during the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 168 shares during the period. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Down 3.4 %

NASDAQ IDCC opened at $215.05 on Friday. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $231.97. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.52 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The stock’s 50-day moving average price is $203.58 and its 200-day moving average price is $181.89.

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 paid a dividend of $0.60 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a yield of 1.12%. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the sale, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,833 shares of company stock valued at $2,954,830 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

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.