Oak Family Advisors LLC Sells 2,326 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Oak Family Advisors LLC reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,968 shares of the Wireless communications provider’s stock after selling 2,326 shares during the quarter. Oak Family Advisors LLC’s holdings in InterDigital were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in IDCC. Reinhart Partners LLC. purchased a new stake in InterDigital during the 3rd quarter valued at approximately $27,762,000. International Assets Investment Management LLC grew its holdings in InterDigital by 283,160.0% during the 3rd quarter. International Assets Investment Management LLC now owns 113,304 shares of the Wireless communications provider’s stock valued at $16,047,000 after buying an additional 113,264 shares in the last quarter. Emerald Advisers LLC grew its holdings in InterDigital by 50.3% during the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after buying an additional 60,575 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in InterDigital by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock valued at $30,420,000 after buying an additional 48,137 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its holdings in 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 valued at $160,441,000 after buying an additional 39,891 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Monday, January 6th. The shares were sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the transaction, the chief technology officer now directly owns 52,997 shares of the company’s stock, valued at $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the transaction, the chief executive officer now directly owns 164,543 shares of the company’s stock, valued at $32,141,829.62. The trade was a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,622 shares of company stock valued at $2,433,251. 2.30% of the stock is owned by corporate insiders.

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.

InterDigital Trading Down 1.0 %

IDCC stock opened at $182.98 on Monday. The firm has a fifty day moving average price of $189.00 and a 200 day moving average price of $160.95. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $4.64 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.44.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

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.