NewEdge Advisors LLC Has $551,000 Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

NewEdge Advisors LLC lifted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 488.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,842 shares of the Wireless communications provider’s stock after buying an additional 2,359 shares during the period. NewEdge Advisors LLC’s holdings in InterDigital were worth $551,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Global Retirement Partners LLC lifted its stake in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in InterDigital in the 4th quarter valued at about $39,000. Mendota Financial Group LLC lifted its stake in InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd acquired a new stake in InterDigital in the 4th quarter valued at about $70,000. Finally, Smartleaf Asset Management LLC lifted its stake in 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 purchasing an additional 511 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Up 1.1 %

Shares of NASDAQ:IDCC opened at $193.75 on Monday. InterDigital, Inc. has a 52-week low of $97.51 and a 52-week high of $231.97. The company has a market capitalization of $4.98 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a 50-day simple moving average of $206.51 and a 200 day simple moving average of $191.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.24%. InterDigital’s dividend payout ratio (DPR) is 19.93%.

Insiders Place Their Bets

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the sale, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total transaction of $129,500.00. Following the sale, the chief technology officer now owns 52,396 shares of the company’s stock, valued at $9,693,260. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock worth $2,938,660 over the last three months. 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.