Natixis Advisors LLC Acquires 921 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Natixis Advisors LLC raised its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,995 shares of the Wireless communications provider’s stock after acquiring an additional 921 shares during the quarter. Natixis Advisors LLC’s holdings in InterDigital were worth $2,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IDCC. Caprock Group LLC boosted its stake in InterDigital by 8.9% in 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 last quarter. Larson Financial Group LLC boosted its stake in InterDigital by 8.9% in the third quarter. Larson Financial Group LLC now owns 1,418 shares of the Wireless communications provider’s stock valued at $201,000 after acquiring an additional 116 shares during the last quarter. Hancock Whitney Corp boosted its stake in InterDigital by 1.3% in the third quarter. Hancock Whitney Corp now owns 16,496 shares of the Wireless communications provider’s stock valued at $2,336,000 after acquiring an additional 209 shares during the last quarter. Bridgewater Associates LP raised its holdings in InterDigital by 6.6% in the third quarter. Bridgewater Associates LP now owns 22,840 shares of the Wireless communications provider’s stock worth $3,235,000 after purchasing an additional 1,423 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in InterDigital by 18.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,799 shares of the Wireless communications provider’s stock worth $963,000 after purchasing an additional 1,041 shares during the period. 99.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the sale, the chief technology officer now directly owns 71,606 shares in the company, valued at approximately $15,615,836.48. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now owns 102,555 shares in the company, 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. Over the last three months, insiders have sold 13,833 shares of company stock worth $2,954,830. Company insiders own 2.30% of the company’s stock.

InterDigital Trading Down 0.8 %

IDCC opened at $217.35 on Monday. The firm’s fifty day moving average is $199.97 and its two-hundred day moving average is $180.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market cap of $5.58 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $231.97.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.60 dividend. The ex-dividend date is Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.10%. InterDigital’s dividend payout ratio (DPR) is 19.93%.

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.