KBC Group NV Has $242,000 Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

KBC Group NV increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,172 shares of the Wireless communications provider’s stock after buying an additional 214 shares during the period. KBC Group NV’s holdings in InterDigital were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Elequin Capital LP acquired a new position in shares of InterDigital during the fourth quarter worth approximately $29,000. Prudent Man Investment Management Inc. acquired a new stake in shares of InterDigital in the fourth quarter valued at approximately $39,000. Versant Capital Management Inc raised its position in InterDigital by 957.9% in the 1st quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider’s stock worth $42,000 after purchasing an additional 182 shares during the last quarter. Transce3nd LLC acquired a new position in InterDigital during the 4th quarter worth $110,000. Finally, Smartleaf Asset Management LLC boosted its position in InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock valued at $121,000 after buying an additional 511 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 1.2%

NASDAQ IDCC opened at $224.36 on Friday. The stock has a market capitalization of $5.82 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. InterDigital, Inc. has a 52 week low of $120.18 and a 52 week high of $237.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a fifty day moving average of $218.49 and a 200-day moving average of $205.78.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, July 9th. InterDigital’s dividend payout ratio is 19.03%.

Insider Buying and Selling at InterDigital

In other news, Director John A. Kritzmacher sold 519 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the transaction, the director owned 19,774 shares of the company’s stock, valued at $4,481,777.10. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Derek K. Aberle sold 692 shares of InterDigital stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.41, for a total value of $156,675.72. Following the sale, the director directly owned 6,192 shares of the company’s stock, valued at approximately $1,401,930.72. This trade 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 3,762 shares of company stock valued at $822,994 over the last 90 days. Company insiders own 2.80% of the company’s stock.

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.