InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $204.13, for a total value of $142,891.00. Following the transaction, the chief technology officer now owns 52,997 shares in the company, valued at $10,818,277.61. This trade represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
InterDigital Price Performance
Shares of NASDAQ IDCC opened at $190.78 on Friday. The company has a 50 day simple moving average of $190.01 and a two-hundred day simple moving average of $153.95. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62.
InterDigital Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.94%. InterDigital’s payout ratio is presently 19.23%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on IDCC
Hedge Funds Weigh In On InterDigital
A number of hedge funds have recently bought and sold shares of IDCC. Transcendent Capital Group LLC purchased a new position in InterDigital in the third quarter worth about $25,000. V Square Quantitative Management LLC purchased a new position in InterDigital in the 3rd quarter worth approximately $26,000. Nisa Investment Advisors LLC lifted its position in InterDigital by 58.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after acquiring an additional 233 shares in the last quarter. GAMMA Investing LLC boosted its stake in InterDigital by 81.3% during the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock valued at $94,000 after purchasing an additional 299 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of InterDigital by 34.0% in the 3rd quarter. CWM LLC now owns 851 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
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.
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