PFG Investments LLC Sells 1,552 Shares of InterDigital, Inc. (NASDAQ:IDCC)

PFG Investments LLC reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,755 shares of the Wireless communications provider’s stock after selling 1,552 shares during the period. PFG Investments LLC’s holdings in InterDigital were worth $2,471,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IDCC. Disciplined Growth Investors Inc. MN lifted its holdings in InterDigital by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,132,818 shares of the Wireless communications provider’s stock valued at $160,441,000 after purchasing an additional 39,891 shares during the last quarter. Geode Capital Management LLC lifted its holdings in InterDigital by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 592,754 shares of the Wireless communications provider’s stock valued at $83,968,000 after purchasing an additional 3,975 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in InterDigital by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,783 shares of the Wireless communications provider’s stock valued at $30,420,000 after purchasing an additional 48,137 shares during the last quarter. Finally, Emerald Advisers LLC lifted its holdings in InterDigital by 50.3% during the 3rd quarter. Emerald Advisers LLC now owns 180,987 shares of the Wireless communications provider’s stock valued at $25,633,000 after purchasing an additional 60,575 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $189.12, for a total value of $1,114,105.92. Following the sale, the chief executive officer now directly owns 158,652 shares in the company, valued at $30,004,266.24. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $204.13, for a total value of $142,891.00. Following the completion of the sale, the chief technology officer now owns 52,997 shares in the company, valued at $10,818,277.61. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,622 shares of company stock worth $2,433,251 over the last 90 days. Insiders own 2.30% of the company’s stock.

InterDigital Stock Up 1.2 %

IDCC opened at $176.87 on Monday. InterDigital, Inc. has a fifty-two week low of $95.33 and a fifty-two week high of $207.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $4.48 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.97 and a beta of 1.44. The stock has a fifty day moving average of $189.31 and a 200-day moving average of $158.88.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

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.