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

Charles Schwab Investment Management Inc. lessened its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,937 shares of the Wireless communications provider’s stock after selling 299 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in InterDigital were worth $59,847,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IDCC. Assetmark Inc. increased its stake in shares of InterDigital by 5.9% during the third quarter. Assetmark Inc. now owns 18,977 shares of the Wireless communications provider’s stock valued at $2,688,000 after acquiring an additional 1,060 shares during the period. Aubrey Capital Management Ltd increased its stake in shares of InterDigital by 45.0% during the third quarter. Aubrey Capital Management Ltd now owns 29,000 shares of the Wireless communications provider’s stock valued at $4,108,000 after acquiring an additional 9,000 shares during the period. Natixis Advisors LLC acquired a new position in shares of InterDigital during the third quarter valued at approximately $1,427,000. Caprock Group LLC increased its stake in shares of InterDigital by 8.9% during the third quarter. Caprock Group LLC now owns 3,156 shares of the Wireless communications provider’s stock valued at $447,000 after acquiring an additional 257 shares during the period. Finally, Moran Wealth Management LLC increased its stake in shares of InterDigital by 37.9% during the third quarter. Moran Wealth Management LLC now owns 3,956 shares of the Wireless communications provider’s stock valued at $560,000 after acquiring an additional 1,087 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insiders Place Their Bets

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 164,543 shares in the company, valued at approximately $32,141,829.62. The trade was a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,134 shares of company stock worth $4,678,770. 2.30% of the stock is owned by insiders.

InterDigital Price Performance

NASDAQ IDCC opened at $212.48 on Thursday. 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 capitalization of $5.46 billion, a PE ratio of 17.65, a P/E/G ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 12 month low of $95.33 and a 12 month high of $231.96. The company’s 50 day simple moving average is $196.65 and its 200 day simple moving average is $175.80.

InterDigital Increases Dividend

The firm also recently declared 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 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 1.13%. InterDigital’s 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.