By otakuyassine3@gmail.com 
Advisors Preferred LLC purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,257 shares of the Wireless communications provider’s stock, valued at approximately $1,619,000.
Several other institutional investors have also recently made changes to their positions in IDCC. Transcendent Capital Group LLC bought a new position in shares of InterDigital in the third quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in shares of InterDigital in the third quarter valued at about $26,000. Mendota Financial Group LLC lifted its position in shares of InterDigital by 14,500.0% during the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd bought a new stake in InterDigital in the 4th quarter worth about $70,000. Finally, Nisa Investment Advisors LLC increased its stake in InterDigital by 58.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 629 shares of the Wireless communications provider’s stock valued at $89,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.
InterDigital Trading Down 3.5 %
NASDAQ IDCC opened at $204.39 on Friday. The stock’s 50-day simple moving average is $188.74 and its two-hundred day simple moving average is $162.86. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.41 and a beta of 1.44. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $213.38. The company has a quick ratio of 1.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.08.
InterDigital Increases Dividend
The firm also recently disclosed 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 represents a $2.40 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. InterDigital’s payout ratio is presently 14.95%.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded InterDigital from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.
View Our Latest Analysis on InterDigital
Insider Activity
In other InterDigital news, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the transaction, the insider now directly owns 24,138 shares of the company’s stock, valued at $4,397,702.22. The trade was a 0.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the business’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 of the company’s stock, valued at $10,818,277.61. The trade was a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,322 shares of company stock valued at $2,562,751. Corporate 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.
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