Steward Partners Investment Advisory LLC Has $129,000 Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Steward Partners Investment Advisory LLC boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 1,209.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 668 shares of the Wireless communications provider’s stock after buying an additional 617 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in InterDigital were worth $129,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Congress Asset Management Co. acquired a new position in InterDigital during the 4th quarter worth approximately $62,583,000. Reinhart Partners LLC. boosted its stake in shares of 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 purchasing an additional 164,223 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of InterDigital by 3.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock valued at $160,441,000 after purchasing an additional 39,891 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of InterDigital by 658.8% during the third quarter. Intech Investment Management LLC now owns 29,728 shares of the Wireless communications provider’s stock valued at $4,210,000 after purchasing an additional 25,810 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of InterDigital by 101.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,686 shares of the Wireless communications provider’s stock worth $5,557,000 after purchasing an additional 14,427 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other news, CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the sale, the chief executive officer now directly owns 164,543 shares of the company’s stock, valued at $32,141,829.62. This represents a 3.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the sale, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,134 shares of company stock worth $4,678,770 over the last quarter. Company insiders own 2.30% of the company’s stock.

InterDigital Price Performance

InterDigital stock opened at $217.09 on Monday. The stock’s 50 day moving average is $197.16 and its 200 day moving average is $177.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $5.58 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.96.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.60 dividend. This is a positive change 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 1.11%. InterDigital’s payout ratio is presently 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.