Cerity Partners LLC Acquires 1,229 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Cerity Partners LLC boosted its stake in InterDigital, Inc. (NASDAQ:IDCC) by 91.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,576 shares of the Wireless communications provider’s stock after acquiring an additional 1,229 shares during the period. Cerity Partners LLC’s holdings in InterDigital were worth $533,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of InterDigital by 31,724.6% during the 1st quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider’s stock valued at $619,810,000 after purchasing an additional 298,846 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in InterDigital by 1,451.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider’s stock worth $57,986,000 after buying an additional 280,030 shares during the period. Millennium Management LLC lifted its holdings in InterDigital by 3,962.5% in the fourth quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider’s stock worth $24,947,000 after buying an additional 125,610 shares during the period. Bessemer Group Inc. boosted its position in InterDigital by 152,729.3% during the 1st quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider’s stock valued at $23,700,000 after acquiring an additional 114,547 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of InterDigital during the 4th quarter worth approximately $19,572,000. Institutional investors own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $232.33, for a total transaction of $108,265.78. Following the completion of the transaction, the insider owned 28,804 shares of the company’s stock, valued at approximately $6,692,033.32. This trade represents a 1.59% 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 Derek K. Aberle sold 692 shares of InterDigital stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the transaction, the director owned 6,192 shares of the company’s stock, valued at $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,062 shares of company stock worth $920,853. 2.80% of the stock is owned by insiders.

InterDigital Trading Down 0.1%

IDCC opened at $224.38 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52 week low of $120.18 and a 52 week high of $237.50. The stock has a market cap of $5.82 billion, a PE ratio of 17.79, a PEG ratio of 1.43 and a beta of 1.36. The business has a 50 day moving average of $223.17 and a 200-day moving average of $209.08.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, July 9th. InterDigital’s dividend payout ratio (DPR) is presently 19.03%.

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.