InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,393 shares of the Wireless communications provider’s stock after acquiring an additional 2,866 shares during the period. Ritholtz Wealth Management’s holdings in InterDigital were worth $6,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in shares of InterDigital by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock valued at $568,000 after acquiring an additional 51 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of InterDigital by 2.8% in the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after acquiring an additional 64 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of InterDigital by 3.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock valued at $513,000 after acquiring an additional 83 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of InterDigital by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after acquiring an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings 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 valued at $26,000 after acquiring an additional 111 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jean F. Rankin sold 606 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the sale, the director now directly owns 27,353 shares in the company, valued at approximately $6,194,633.91. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm’s stock in a transaction that occurred 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 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. Over the last ninety days, insiders sold 5,777 shares of company stock worth $1,255,642. Corporate insiders own 2.30% of the company’s stock.

InterDigital Trading Down 1.5%

InterDigital stock opened at $218.51 on Friday. The firm has a 50 day simple moving average of $209.36 and a 200-day simple moving average of $202.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $5.67 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 12-month low of $114.56 and a 12-month high of $231.97.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital’s dividend payout ratio (DPR) is presently 19.03%.

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.