Avantax Advisory Services Inc. Sells 155 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Avantax Advisory Services Inc. lowered its position in InterDigital, Inc. (NASDAQ:IDCC) by 7.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,819 shares of the Wireless communications provider’s stock after selling 155 shares during the period. Avantax Advisory Services Inc.’s holdings in InterDigital were worth $352,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. One Wealth Advisors LLC raised its stake in shares of InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after purchasing an additional 64 shares during the period. Savant Capital LLC raised its holdings in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after purchasing an additional 64 shares during the period. Captrust Financial Advisors boosted its stake in shares of InterDigital by 0.5% during the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after acquiring an additional 68 shares during the period. Louisiana State Employees Retirement System raised its position in shares of InterDigital by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after purchasing an additional 100 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the period. Institutional investors own 99.83% of the company’s stock.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the transaction, the chief technology officer now owns 71,606 shares of the company’s stock, valued at approximately $15,615,836.48. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,833 shares of company stock worth $2,954,830. 2.30% of the stock is currently owned by company insiders.

InterDigital Stock Up 2.0 %

IDCC stock opened at $221.60 on Tuesday. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $231.97. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.57 and a beta of 1.45. The business’s fifty day moving average price is $200.81 and its two-hundred day moving average price is $180.71. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. InterDigital’s payout ratio 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.