InterDigital, Inc. (NASDAQ:IDCC) Holdings Lifted by Leavell Investment Management Inc.

Leavell Investment Management Inc. increased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,784 shares of the Wireless communications provider’s stock after acquiring an additional 149 shares during the period. Leavell Investment Management Inc.’s holdings in InterDigital were worth $346,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC increased its holdings in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after purchasing an additional 64 shares during the period. Advisors Preferred LLC acquired a new position in InterDigital in the 4th quarter valued at approximately $1,619,000. Apollon Wealth Management LLC boosted its stake in shares of InterDigital by 14.9% during the 4th quarter. Apollon Wealth Management LLC now owns 2,498 shares of the Wireless communications provider’s stock valued at $484,000 after buying an additional 323 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of InterDigital by 29.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider’s stock valued at $378,000 after buying an additional 441 shares during the period. Finally, 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 last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the transaction, the chief executive officer now directly owns 158,652 shares in the company, valued at approximately $30,004,266.24. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joshua D. Schmidt sold 140 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at approximately $4,397,702.22. This represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,322 shares of company stock valued at $2,562,751 over the last quarter. Insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $214.29 on Friday. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. The company’s fifty day moving average is $190.07 and its 200-day moving average is $165.97. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $216.00.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued 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 1.12%. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s dividend payout ratio (DPR) is 14.95%.

Wall Street Analysts Forecast Growth

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

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.