Sei Investments Co. Acquires 14,683 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Sei Investments Co. grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 66.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,621 shares of the Wireless communications provider’s stock after purchasing an additional 14,683 shares during the period. Sei Investments Co.’s holdings in InterDigital were worth $7,094,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IDCC. Boston Partners boosted its holdings in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock valued at $311,654,000 after acquiring an additional 83,794 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in shares of InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after acquiring an additional 39,891 shares in the last quarter. Geode Capital Management LLC lifted its position in InterDigital by 0.7% during the third quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after acquiring an additional 3,975 shares during the last quarter. Reinhart Partners LLC. boosted its stake in InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after acquiring an additional 164,223 shares in the last quarter. Finally, Congress Asset Management Co. purchased a new position in InterDigital in the fourth quarter worth $62,583,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Performance

Shares of IDCC stock opened at $206.75 on Tuesday. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.97. The business’s fifty day simple moving average is $205.04 and its 200-day simple moving average is $183.68. 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 market cap of $5.31 billion, a PE ratio of 17.17, a PEG ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio is currently 19.93%.

Insider Buying and Selling at InterDigital

In related news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the sale, the chief financial officer now directly owns 102,555 shares in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the sale, the chief technology officer now directly owns 71,606 shares in the company, valued at approximately $15,615,836.48. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,833 shares of company stock worth $2,954,830. 2.30% of the stock is owned by 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.