HighTower Advisors LLC Buys 120 Shares of InterDigital, Inc. (NASDAQ:IDCC)

HighTower Advisors LLC boosted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,309 shares of the Wireless communications provider’s stock after acquiring an additional 120 shares during the quarter. HighTower Advisors LLC’s holdings in InterDigital were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IDCC. Disciplined Growth Investors Inc. MN grew its holdings in InterDigital by 3.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock worth $160,441,000 after acquiring an additional 39,891 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of InterDigital by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock worth $83,968,000 after purchasing an additional 3,975 shares during the period. Reinhart Partners LLC. boosted its stake in shares of InterDigital by 83.8% during the 4th 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. Congress Asset Management Co. purchased a new position in shares of InterDigital during the fourth quarter valued at about $62,583,000. Finally, Wellington Management Group LLP raised its stake in InterDigital by 6.0% in the third quarter. Wellington Management Group LLP now owns 155,700 shares of the Wireless communications provider’s stock worth $22,052,000 after buying an additional 8,824 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $185.00, for a total value of $129,500.00. Following the completion of the sale, the chief technology officer now directly owns 52,396 shares in the company, valued at approximately $9,693,260. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the transaction, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,833 shares of company stock valued at $2,954,830. Insiders own 2.30% of the company’s stock.

InterDigital Stock Up 1.9 %

NASDAQ:IDCC opened at $225.72 on Wednesday. The firm’s 50-day moving average price is $201.77 and its 200-day moving average price is $181.37. InterDigital, Inc. has a 1-year low of $95.33 and a 1-year high of $231.97. The company has a market capitalization of $5.80 billion, a PE ratio of 18.75, a P/E/G ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.06%. InterDigital’s dividend payout ratio (DPR) is presently 19.93%.

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.