PFG Investments LLC Sells 1,552 Shares of InterDigital, Inc. (NASDAQ:IDCC)

PFG Investments LLC lowered its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,755 shares of the Wireless communications provider’s stock after selling 1,552 shares during the quarter. PFG Investments LLC owned approximately 0.05% of InterDigital worth $2,471,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in InterDigital during the 3rd quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new position in InterDigital during the 3rd quarter valued at about $26,000. Mendota Financial Group LLC lifted its position in InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares during the period. Nisa Investment Advisors LLC lifted its position in InterDigital by 58.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 233 shares during the period. Finally, GAMMA Investing LLC lifted its position in InterDigital by 81.3% during the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock valued at $94,000 after purchasing an additional 299 shares during the period. Institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $182.19, for a total transaction of $25,506.60. Following the sale, the insider now directly owns 24,138 shares in the company, valued at approximately $4,397,702.22. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the sale, the chief executive officer now owns 158,652 shares in the company, valued at $30,004,266.24. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,622 shares of company stock worth $2,433,251 in the last ninety days. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $176.87 on Monday. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.97 and a beta of 1.44. The firm’s 50 day simple moving average is $189.31 and its 200 day simple moving average is $158.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.62. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were given a $0.45 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.02%. InterDigital’s dividend payout ratio is 19.23%.

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.