Yousif Capital Management LLC Sells 78 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Yousif Capital Management LLC reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,525 shares of the Wireless communications provider’s stock after selling 78 shares during the period. Yousif Capital Management LLC’s holdings in InterDigital were worth $1,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Amundi lifted its stake in shares of InterDigital by 57.0% in the fourth quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock worth $3,989,000 after buying an additional 7,586 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in InterDigital by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider’s stock worth $808,000 after acquiring an additional 160 shares during the period. Rhumbline Advisers lifted its position in InterDigital by 0.9% during the 4th quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider’s stock worth $14,646,000 after acquiring an additional 646 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in InterDigital by 1,209.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock worth $129,000 after acquiring an additional 617 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in InterDigital during the fourth quarter valued at about $446,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Price Performance

NASDAQ IDCC opened at $218.51 on Monday. The stock has a 50-day simple moving average of $209.36 and a 200 day simple moving average of $202.62. InterDigital, Inc. has a twelve month low of $114.56 and a twelve month high of $231.97. The stock has a market capitalization of $5.67 billion, a PE ratio of 18.15, a P/E/G ratio of 1.57 and a beta of 1.37. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, July 9th. InterDigital’s dividend payout ratio is currently 19.03%.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 1,781 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the transaction, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. The trade was a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Derek K. Aberle sold 692 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.41, for a total value of $156,675.72. Following the transaction, the director now owns 6,192 shares in the company, valued at $1,401,930.72. This represents a 10.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,777 shares of company stock worth $1,255,642 over the last three months. 2.30% of the stock is currently owned by insiders.

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.