InterDigital, Inc. (NASDAQ:IDCC) CTO Sells $142,891.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 700 shares of the stock in a transaction 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 transaction, the chief technology officer now directly owns 52,997 shares in the company, valued at $10,818,277.61. The trade was a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

InterDigital Stock Performance

NASDAQ:IDCC opened at $190.78 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The firm has a market cap of $4.84 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The business has a 50 day moving average price of $190.01 and a 200-day moving average price of $153.95.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.80 annualized dividend and a yield of 0.94%. InterDigital’s payout ratio is currently 19.23%.

Hedge Funds Weigh In On InterDigital

A number of hedge funds have recently modified their holdings of IDCC. Captrust Financial Advisors boosted its holdings 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 purchasing an additional 68 shares during the period. Simplicity Wealth LLC lifted its holdings in InterDigital by 1.5% in the 3rd quarter. Simplicity Wealth LLC now owns 4,696 shares of the Wireless communications provider’s stock worth $665,000 after buying an additional 69 shares during the period. Blue Trust Inc. grew its position in shares of InterDigital by 9.4% in the 3rd quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock worth $166,000 after buying an additional 101 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of InterDigital by 8.9% during the third quarter. Larson Financial Group LLC now owns 1,418 shares of the Wireless communications provider’s stock valued at $201,000 after buying an additional 116 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of InterDigital by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 14,093 shares of the Wireless communications provider’s stock valued at $1,643,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

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

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.