HighTower Advisors LLC Grows Position in InterDigital, Inc. (NASDAQ:IDCC)

HighTower Advisors LLC increased its position in InterDigital, Inc. (NASDAQ:IDCC) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 6,309 shares of the Wireless communications provider’s stock after buying 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IDCC. One Wealth Advisors LLC raised its holdings in InterDigital by 1.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after acquiring an additional 64 shares during the period. Savant Capital LLC raised its stake in InterDigital by 2.8% during 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 increased its holdings in InterDigital by 0.5% in the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock valued at $1,965,000 after acquiring an additional 68 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in InterDigital by 0.8% during 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 buying an additional 100 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 111 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In related news, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now directly owns 30,537 shares of the company’s stock, valued at $6,550,491.87. This represents a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction dated 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 sale, the chief technology officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 13,833 shares of company stock worth $2,954,830 over the last ninety days. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Up 1.9 %

Shares of IDCC opened at $225.72 on Wednesday. The business’s 50 day simple moving average is $201.77 and its 200-day simple moving average 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 debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend 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.