InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd lessened its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,400 shares of the Wireless communications provider’s stock after selling 3,500 shares during the quarter. InterDigital makes up about 2.0% of Aubrey Capital Management Ltd’s portfolio, making the stock its 12th biggest holding. Aubrey Capital Management Ltd’s holdings in InterDigital were worth $5,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IDCC. Congress Asset Management Co. acquired a new stake in InterDigital during the 4th quarter worth $62,583,000. GAMMA Investing LLC boosted its position in shares of InterDigital by 31,724.6% during the 1st quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider’s stock valued at $619,810,000 after acquiring an additional 298,846 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of InterDigital by 1,451.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider’s stock valued at $57,986,000 after acquiring an additional 280,030 shares during the last quarter. Millennium Management LLC boosted its position in shares of InterDigital by 3,962.5% during the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider’s stock valued at $24,947,000 after acquiring an additional 125,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of InterDigital during the 4th quarter valued at about $19,572,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the transaction, the insider now owns 24,395 shares of the company’s stock, valued at $5,318,110. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John A. Kritzmacher sold 519 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the transaction, the director now directly owns 19,774 shares in the company, valued at $4,481,777.10. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,777 shares of company stock valued at $1,255,642. 2.30% of the stock is currently owned by insiders.

InterDigital Trading Down 0.0%

Shares of IDCC stock opened at $221.84 on Friday. The company’s 50-day moving average price is $208.82 and its 200-day moving average price is $202.38. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a twelve month low of $114.56 and a twelve month high of $231.97.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.08%. InterDigital’s payout ratio is 19.03%.

InterDigital Company 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.