Emerald Mutual Fund Advisers Trust Has $18.30 Million Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Emerald Mutual Fund Advisers Trust decreased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,482 shares of the Wireless communications provider’s stock after selling 24,640 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.37% of InterDigital worth $18,303,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IDCC. Russell Investments Group Ltd. raised its holdings in InterDigital by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock worth $568,000 after acquiring an additional 51 shares during the period. One Wealth Advisors LLC boosted its position in shares of InterDigital by 1.8% during 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 grew its stake in shares of InterDigital by 2.8% in the 4th 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 during the period. Summit Investment Advisors Inc. lifted its holdings in shares of InterDigital by 3.2% during the fourth 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 during the period. Finally, Louisiana State Employees Retirement System grew its stake in InterDigital by 0.8% during 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 buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling

In other news, CFO Richard Brezski sold 9,602 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,833 shares of company stock worth $2,938,660 in the last quarter. Insiders own 2.30% of the company’s stock.

InterDigital Price Performance

InterDigital stock opened at $194.56 on Tuesday. The business’s fifty day moving average is $206.06 and its two-hundred day moving average is $191.82. The firm has a market cap of $5.00 billion, a P/E ratio of 16.16, a P/E/G 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. 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 declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.60 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.45. This represents a $2.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, April 9th. InterDigital’s dividend payout ratio is 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.