Emerald Mutual Fund Advisers Trust Sells 24,640 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Emerald Mutual Fund Advisers Trust lowered its stake in InterDigital, Inc. (NASDAQ:IDCC) by 20.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 94,482 shares of the Wireless communications provider’s stock after selling 24,640 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in InterDigital were worth $18,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of InterDigital by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock valued at $568,000 after purchasing an additional 51 shares during the period. One Wealth Advisors LLC lifted its position in InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after acquiring an additional 64 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of InterDigital by 2.8% in the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after purchasing an additional 64 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in InterDigital by 3.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock valued at $513,000 after acquiring an additional 83 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of InterDigital by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Trading Up 0.4 %

NASDAQ:IDCC opened at $194.56 on Tuesday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a 50-day moving average price of $206.06 and a two-hundred day moving average price of $191.82. InterDigital, Inc. has a 52 week low of $97.51 and a 52 week high of $231.97.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, April 9th. This is an increase from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s dividend payout ratio (DPR) is 19.93%.

Insiders Place Their Bets

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the sale, the insider now directly owns 30,537 shares of the company’s stock, valued at $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the transaction, the chief technology officer now owns 78,161 shares of the company’s stock, valued at $14,149,485.83. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,833 shares of company stock valued at $2,938,660. Company insiders own 2.30% of the company’s stock.

InterDigital 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.