Janney Montgomery Scott LLC Sells 2,942 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Janney Montgomery Scott LLC lowered its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 31.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,446 shares of the Wireless communications provider’s stock after selling 2,942 shares during the period. Janney Montgomery Scott LLC’s holdings in InterDigital were worth $1,333,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in IDCC. Global Retirement Partners LLC boosted its holdings in shares of InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the period. Elequin Capital LP acquired a new position in InterDigital during the fourth quarter valued at approximately $29,000. Prudent Man Investment Management Inc. acquired a new position in InterDigital during the fourth quarter valued at approximately $39,000. Versant Capital Management Inc grew its stake in shares of InterDigital by 957.9% during the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider’s stock worth $42,000 after buying an additional 182 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of InterDigital during the fourth quarter worth $110,000. Institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Jean F. Rankin sold 606 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.47, for a total transaction of $137,240.82. Following the transaction, the director now owns 27,353 shares in the company, valued at approximately $6,194,633.91. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, the director now owns 19,774 shares in the company, valued at $4,481,777.10. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,296 shares of company stock valued at $714,728 over the last 90 days. 2.80% of the stock is owned by insiders.

InterDigital Stock Performance

NASDAQ IDCC opened at $230.93 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. InterDigital, Inc. has a fifty-two week low of $115.10 and a fifty-two week high of $237.50. The stock has a market cap of $5.99 billion, a PE ratio of 18.31, a PEG ratio of 1.47 and a beta of 1.37. The firm’s fifty day moving average price is $215.11 and its two-hundred day moving average price is $204.78.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $2.40 annualized dividend and a dividend yield of 1.04%. InterDigital’s dividend payout ratio is 19.03%.

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.