InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in InterDigital, Inc. (NASDAQ:IDCC) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 308,937 shares of the Wireless communications provider’s stock after selling 299 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.22% of InterDigital worth $59,847,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its stake in InterDigital by 1,209.8% during the fourth 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 period. SBI Securities Co. Ltd. acquired a new stake in InterDigital during the fourth quarter worth about $504,000. Smartleaf Asset Management LLC raised its stake in InterDigital by 468.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after acquiring an additional 511 shares during the period. US Bancorp DE raised its stake in InterDigital by 10.2% during the fourth quarter. US Bancorp DE now owns 2,530 shares of the Wireless communications provider’s stock worth $490,000 after acquiring an additional 234 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in InterDigital during the fourth quarter worth about $446,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the transaction, the chief technology officer now owns 52,396 shares in the company, valued at approximately $9,693,260. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,134 shares of company stock worth $4,678,770. Insiders own 2.30% of the company’s stock.

InterDigital Price Performance

IDCC opened at $212.48 on Thursday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.96. The company’s 50-day moving average price is $196.65 and its 200 day moving average price is $175.80. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 annualized dividend and a yield of 1.13%. InterDigital’s dividend payout ratio is 19.93%.

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.