InterDigital, Inc. (NASDAQ:IDCC) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 280.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,039 shares of the Wireless communications provider’s stock after buying an additional 8,141 shares during the period. Inspire Investing LLC’s holdings in InterDigital were worth $2,138,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Captrust Financial Advisors raised its holdings in InterDigital by 0.5% in the third 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. Simplicity Wealth LLC raised its holdings in InterDigital by 1.5% in the third quarter. Simplicity Wealth LLC now owns 4,696 shares of the Wireless communications provider’s stock valued at $665,000 after buying an additional 69 shares during the period. Blue Trust Inc. raised its holdings in InterDigital by 9.4% in the third quarter. Blue Trust Inc. now owns 1,175 shares of the Wireless communications provider’s stock valued at $166,000 after buying an additional 101 shares during the period. Larson Financial Group LLC raised its holdings in InterDigital by 8.9% in 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 InterDigital by 1.1% in 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 buying an additional 153 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Trading Up 0.4 %

IDCC opened at $172.39 on Thursday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.96 and a beta of 1.44. The firm’s 50 day moving average is $189.54 and its 200-day moving average is $157.86. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $207.08. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.03.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.04%. InterDigital’s dividend payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the sale, the chief executive officer now owns 164,543 shares in the company, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital 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 sale, the chief technology officer now owns 52,997 shares of the company’s stock, valued at approximately $10,818,277.61. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,622 shares of company stock worth $2,433,251 over the last 90 days. Company insiders own 2.30% of the company’s stock.

InterDigital 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.