Xponance Inc. Acquires 100 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Xponance Inc. increased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCCFree Report) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,923 shares of the Wireless communications provider’s stock after acquiring an additional 100 shares during the quarter. Xponance Inc.’s holdings in InterDigital were worth $398,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Elequin Capital LP bought a new stake in InterDigital during the fourth quarter worth $29,000. Wayfinding Financial LLC bought a new stake in shares of InterDigital in the first quarter valued at $32,000. Prudent Man Investment Management Inc. bought a new stake in shares of InterDigital in the fourth quarter valued at $39,000. Versant Capital Management Inc raised its stake in shares of InterDigital by 957.9% in the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider’s stock valued at $42,000 after buying an additional 182 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of InterDigital in the fourth quarter valued at $110,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Performance

Shares of IDCC opened at $225.20 on Friday. The firm has a market cap of $5.84 billion, a PE ratio of 17.86, a PEG ratio of 1.47 and a beta of 1.36. The stock’s fifty day moving average price is $222.41 and its two-hundred day moving average price is $208.06. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.76 and a quick ratio of 1.76. InterDigital, Inc. has a 1 year low of $120.18 and a 1 year high of $237.50.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.07%. InterDigital’s payout ratio is presently 19.03%.

Insider Transactions at InterDigital

In related news, Director John A. Kritzmacher sold 519 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total transaction of $117,631.35. Following the sale, the director directly owned 19,774 shares in the company, valued at approximately $4,481,777.10. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Derek K. Aberle sold 692 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.41, for a total value of $156,675.72. Following the sale, the director owned 6,192 shares in the company, valued at approximately $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,062 shares of company stock valued at $920,853. 2.80% of the stock is currently owned by insiders.

InterDigital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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