Yousif Capital Management LLC Has $1.86 Million Stake in InterDigital, Inc. (NASDAQ:IDCC)

Yousif Capital Management LLC lowered its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,603 shares of the Wireless communications provider’s stock after selling 136 shares during the period. Yousif Capital Management LLC’s holdings in InterDigital were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in InterDigital during the third quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of InterDigital in the 3rd quarter valued at about $26,000. Mendota Financial Group LLC lifted its holdings in InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after buying an additional 290 shares during the period. R Squared Ltd bought a new stake in InterDigital in the fourth quarter worth approximately $70,000. Finally, Nisa Investment Advisors LLC increased its stake in InterDigital by 58.8% in the third quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the transaction, the chief technology officer now owns 52,997 shares in the company, valued at approximately $10,818,277.61. This represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lawrence Liren Chen sold 5,891 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were 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 owns 164,543 shares in the company, valued at $32,141,829.62. This represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,322 shares of company stock valued at $2,562,751 in the last three months. Company insiders own 2.30% of the company’s stock.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $207.62 on Wednesday. The company has a market capitalization of $5.26 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. The company’s 50-day moving average is $189.10 and its 200 day moving average is $164.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.62 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 $213.38.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.16%. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s payout ratio is presently 14.95%.

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.