InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Smithfield Trust Co

Smithfield Trust Co decreased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,070 shares of the Wireless communications provider’s stock after selling 50 shares during the quarter. Smithfield Trust Co’s holdings in InterDigital were worth $401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. One Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 64 shares in the last quarter. Savant Capital LLC increased its position 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 worth $461,000 after acquiring an additional 64 shares in the last quarter. Captrust Financial Advisors increased its position in shares of InterDigital by 0.5% in the third quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after acquiring an additional 68 shares in the last quarter. Louisiana State Employees Retirement System increased its position 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 worth $2,383,000 after acquiring an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 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 the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 30,537 shares in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the completion of the sale, the chief executive officer now directly owns 164,543 shares in the company, valued at $32,141,829.62. This represents a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,134 shares of company stock valued at $4,678,770 over the last 90 days. 2.30% of the stock is owned by corporate insiders.

InterDigital Price Performance

InterDigital stock opened at $204.17 on Thursday. The firm has a fifty day moving average of $194.65 and a 200-day moving average of $172.89. The firm has a market capitalization of $5.24 billion, a P/E ratio of 16.96, a PEG ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $95.33 and a 52-week high of $218.76. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is currently 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.