Xponance Inc. Has $353,000 Position in InterDigital, Inc. (NASDAQ:IDCC)

Xponance Inc. raised its stake in InterDigital, Inc. (NASDAQ:IDCC) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,823 shares of the Wireless communications provider’s stock after buying an additional 178 shares during the quarter. Xponance Inc.’s holdings in InterDigital were worth $353,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IDCC. Global Retirement Partners LLC increased its stake in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Mendota Financial Group LLC raised its stake in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd acquired a new stake in shares of InterDigital during the 4th quarter valued at about $70,000. Smartleaf Asset Management LLC grew its stake in shares of InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock valued at $121,000 after buying an additional 511 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in InterDigital by 22.9% in the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $215.05 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.97. The company’s fifty day moving average is $203.58 and its 200-day moving average is $181.89. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio is 19.93%.

Insider Activity at InterDigital

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joshua D. Schmidt sold 1,781 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total transaction of $388,258.00. Following the completion of the sale, the insider now owns 24,395 shares of the company’s stock, valued at $5,318,110. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,833 shares of company stock valued at $2,954,830. Corporate insiders own 2.30% of the company’s stock.

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.