InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj Sells 700 Shares

InterDigital, Inc. (NASDAQ:IDCC) CTO Rajesh Pankaj sold 700 shares of the firm’s 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 transaction, the chief technology officer now owns 71,606 shares of the company’s stock, valued at $15,615,836.48. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rajesh Pankaj also recently made the following trade(s):

• On Wednesday, February 5th, Rajesh Pankaj sold 700 shares of InterDigital stock. The stock was sold at an average price of $185.00, for a total value of $129,500.00.
• On Monday, January 6th, Rajesh Pankaj sold 700 shares of InterDigital stock. The stock was sold at an average price of $204.13, for a total value of $142,891.00.

InterDigital Stock Down 0.8 %

Shares of IDCC opened at $217.35 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $231.97. The business’s 50 day moving average is $199.97 and its 200 day moving average is $179.46. The company has a market capitalization 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a $0.60 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.10%. InterDigital’s payout ratio is 19.93%.

Hedge Funds Weigh In On InterDigital

A number of large investors have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its holdings in shares of InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 111 shares during the period. Elequin Capital LP acquired a new position in InterDigital during the 4th quarter valued at about $29,000. Prudent Man Investment Management Inc. acquired a new position in InterDigital during the 4th quarter valued at about $39,000. Mendota Financial Group LLC increased its position in InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after buying an additional 290 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in InterDigital during the 4th quarter valued at about $70,000. Hedge funds and other 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.