New York State Common Retirement Fund Purchases 173 Shares of InterDigital, Inc. (NASDAQ:IDCC)

New York State Common Retirement Fund increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,090 shares of the Wireless communications provider’s stock after purchasing an additional 173 shares during the quarter. New York State Common Retirement Fund’s holdings in InterDigital were worth $1,567,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in InterDigital during the third quarter worth about $25,000. Mendota Financial Group LLC boosted its stake in shares of 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 in the last quarter. R Squared Ltd purchased a new stake in InterDigital during the 4th quarter valued at about $70,000. Nisa Investment Advisors LLC increased its position in shares of InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after acquiring an additional 233 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in shares of InterDigital by 22.9% during the third quarter. TD Private Client Wealth LLC now owns 902 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 168 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at InterDigital

In related news, CFO Richard Brezski sold 9,602 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction 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 transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

InterDigital Trading Up 1.8 %

Shares of NASDAQ:IDCC opened at $213.64 on Monday. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $218.76. The stock’s fifty day moving average price is $194.02 and its 200-day moving average price is $171.89. 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 company has a market cap of $5.49 billion, a P/E ratio of 17.74, a PEG ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.12%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is currently 19.93%.

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.