InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,490 shares of the Wireless communications provider’s stock after selling 49 shares during the quarter. Corient Private Wealth LLC’s holdings in InterDigital were worth $1,257,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. One Wealth Advisors LLC increased its stake in shares of InterDigital by 1.8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock worth $697,000 after acquiring an additional 64 shares during the period. Savant Capital LLC raised its stake in shares of InterDigital by 2.8% during the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after buying an additional 64 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of InterDigital by 0.5% in the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after buying an additional 68 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of InterDigital by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock worth $2,383,000 after buying an additional 100 shares during the last quarter. Finally, 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. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the completion of the transaction, the chief technology officer now owns 71,606 shares of the company’s stock, valued at approximately $15,615,836.48. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the sale, the insider now directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. The trade was a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,833 shares of company stock valued at $2,954,830. Corporate insiders own 2.30% of the company’s stock.

InterDigital Stock Down 1.4 %

Shares of IDCC stock opened at $222.60 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $231.97. The stock has a 50 day moving average of $202.71 and a 200 day moving average of $181.66. The stock has a market cap of $5.72 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a $0.60 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s payout ratio is currently 19.93%.

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.