36,453 Shares in InterDigital, Inc. (NASDAQ:IDCC) Purchased by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. acquired a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,453 shares of the Wireless communications provider’s stock, valued at approximately $7,062,000. InterDigital comprises about 1.6% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 23rd biggest position. Beacon Harbor Wealth Advisors Inc. owned about 0.14% of InterDigital as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IDCC. Private Advisor Group LLC purchased a new stake in InterDigital in the 3rd quarter worth about $257,000. Wealth Enhancement Advisory Services LLC purchased a new stake in InterDigital in the 3rd quarter worth about $568,000. Nisa Investment Advisors LLC grew its holdings in InterDigital by 58.8% during 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 in the last quarter. New York State Teachers Retirement System grew its holdings in InterDigital by 17.0% during the 3rd quarter. New York State Teachers Retirement System now owns 32,543 shares of the Wireless communications provider’s stock valued at $4,609,000 after buying an additional 4,737 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in InterDigital by 2,713.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,264 shares of the Wireless communications provider’s stock valued at $462,000 after buying an additional 3,148 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the transaction, the insider now owns 30,537 shares of the company’s stock, valued at $6,550,491.87. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a filing 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 dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the transaction, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at $22,070,861.55. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,134 shares of company stock valued at $4,678,770 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Stock Down 0.4 %

IDCC stock opened at $204.17 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.24 billion, a PE ratio of 16.96, a PEG ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a twelve month low of $95.33 and a twelve month high of $218.76. The stock has a 50-day simple moving average of $194.65 and a two-hundred day simple moving average of $172.89.

InterDigital Increases Dividend

The business also recently announced 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 represents a $2.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is presently 19.93%.

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.