InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in InterDigital, Inc. (NASDAQ:IDCC) by 95.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,439 shares of the Wireless communications provider’s stock after selling 148,261 shares during the period. Wellington Management Group LLP’s holdings in InterDigital were worth $1,441,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in InterDigital by 11.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 56,885 shares of the Wireless communications provider’s stock valued at $11,020,000 after purchasing an additional 5,671 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of InterDigital during the 4th quarter valued at about $19,572,000. denkapparat Operations GmbH purchased a new position in shares of InterDigital during the 4th quarter worth about $1,422,000. Pictet Asset Management Holding SA boosted its position in shares of InterDigital by 15.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,339 shares of the Wireless communications provider’s stock worth $647,000 after acquiring an additional 438 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in InterDigital during the fourth quarter worth approximately $365,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Eeva K. Hakoranta sold 350 shares of the 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 owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the transaction, the chief technology officer now owns 78,161 shares in the company, valued at $14,149,485.83. The trade was a 0.89 % decrease in their position. 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. 2.30% of the stock is owned by insiders.

InterDigital Stock Down 0.3 %

Shares of IDCC opened at $201.93 on Monday. InterDigital, Inc. has a fifty-two week low of $95.36 and a fifty-two week high of $231.97. The company’s fifty day moving average is $209.65 and its two-hundred day moving average is $188.18. The firm has a market cap of $5.19 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is 19.93%.

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.