Atria Investments Inc Takes $511,000 Position in InterDigital, Inc. (NASDAQ:IDCC)

Atria Investments Inc bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,640 shares of the Wireless communications provider’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC purchased a new stake in shares of InterDigital in the third quarter valued at about $1,427,000. Flagship Harbor Advisors LLC purchased a new stake in shares of InterDigital in the fourth quarter valued at about $338,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of InterDigital in the third quarter valued at about $380,000. Reinhart Partners LLC. grew its position in InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after buying an additional 164,223 shares during the period. Finally, J2 Capital Management Inc bought a new position in InterDigital during the fourth quarter valued at about $477,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

IDCC opened at $217.09 on Friday. The firm has a market cap of $5.58 billion, a P/E ratio of 18.03, a PEG ratio of 1.57 and a beta of 1.45. The firm has a 50-day moving average of $197.16 and a 200 day moving average of $176.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.96.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.11%. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio is presently 19.93%.

Insider Activity at InterDigital

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction dated Monday, December 23rd. The stock was 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 of the company’s stock, valued at $30,004,266.24. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is owned by company insiders.

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.