Capital Fund Management S.A. Has $6.70 Million Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Capital Fund Management S.A. grew its position in InterDigital, Inc. (NASDAQ:IDCC) by 183.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 34,597 shares of the Wireless communications provider’s stock after buying an additional 22,373 shares during the quarter. Capital Fund Management S.A.’s holdings in InterDigital were worth $6,702,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IDCC. Congress Asset Management Co. acquired a new stake in InterDigital during the 4th quarter valued at $62,583,000. Reinhart Partners LLC. raised its holdings in shares of InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after buying an additional 164,223 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in InterDigital during the 4th quarter worth about $19,572,000. Norges Bank bought a new stake in InterDigital during the 4th quarter worth about $17,387,000. Finally, Boston Partners increased its position in InterDigital by 5.5% in the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock valued at $311,654,000 after acquiring an additional 83,794 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of IDCC stock opened at $201.93 on Friday. InterDigital, Inc. has a 1 year low of $95.36 and a 1 year high of $231.97. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $209.65 and its 200-day moving average is $187.83. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.57 and a beta of 1.44.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.60 per share. This is an increase from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.19%. InterDigital’s dividend payout ratio is currently 19.93%.

Insider Buying and Selling at InterDigital

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the sale, the chief technology officer now owns 71,606 shares of the company’s stock, valued at approximately $15,615,836.48. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,833 shares of company stock worth $2,938,660. Insiders own 2.30% 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.