Choreo LLC Lowers Position in InterDigital, Inc. (NASDAQ:IDCC)

Choreo LLC decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 18.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,886 shares of the Wireless communications provider’s stock after selling 422 shares during the period. Choreo LLC’s holdings in InterDigital were worth $369,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in InterDigital during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in InterDigital during the 3rd quarter valued at $26,000. Mendota Financial Group LLC increased its holdings in shares of InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after acquiring an additional 290 shares during the period. R Squared Ltd bought a new position in shares of InterDigital in the 4th quarter worth $70,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of InterDigital by 58.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock worth $89,000 after purchasing an additional 233 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of IDCC opened at $210.14 on Thursday. The company has a 50 day moving average of $189.29 and a two-hundred day moving average of $164.97. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $213.38. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.60 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. InterDigital’s dividend payout ratio (DPR) is presently 14.95%.

Insider Buying and Selling

In other news, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $189.12, for a total transaction of $1,114,105.92. Following the transaction, the chief executive officer now owns 158,652 shares in the company, valued at $30,004,266.24. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total transaction of $25,506.60. Following the completion of the sale, the insider now owns 24,138 shares of the company’s stock, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,322 shares of company stock worth $2,562,751 in the last ninety days. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

About InterDigital

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.