Emerald Advisers LLC Reduces Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Emerald Advisers LLC trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,800 shares of the Wireless communications provider’s stock after selling 19,187 shares during the period. InterDigital comprises approximately 1.2% of Emerald Advisers LLC’s holdings, making the stock its 27th biggest holding. Emerald Advisers LLC’s holdings in InterDigital were worth $31,344,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC increased its stake in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 111 shares in the last quarter. Mendota Financial Group LLC grew its stake in InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after acquiring an additional 290 shares during the period. R Squared Ltd purchased a new stake in InterDigital in the 4th quarter worth approximately $70,000. Smartleaf Asset Management LLC grew its stake in InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after acquiring an additional 511 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock worth $129,000 after acquiring an additional 617 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Down 0.8 %

IDCC stock opened at $217.35 on Friday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 18.05, a PEG ratio of 1.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a one year low of $95.33 and a one year high of $231.97. The company has a 50 day moving average price of $199.97 and a two-hundred day moving average price of $179.77.

InterDigital Increases Dividend

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

Insider Buying and Selling at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,891 shares of InterDigital stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $189.12, for a total value of $1,114,105.92. Following the transaction, the chief executive officer now owns 158,652 shares in the company, valued at $30,004,266.24. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,724 shares of company stock worth $4,068,936 in the last quarter. 2.30% of the stock is owned by insiders.

InterDigital Company Profile

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.