Derek K. Aberle Sells 692 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) Director Derek K. Aberle sold 692 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.41, for a total transaction of $156,675.72. Following the transaction, the director now directly owns 6,192 shares of the company’s stock, valued at $1,401,930.72. This represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $221.84 on Friday. InterDigital, Inc. has a 52 week low of $114.56 and a 52 week high of $231.97. The company has a 50-day moving average price of $208.82 and a 200 day moving average price of $202.38. The company has a market cap of $5.75 billion, a P/E ratio of 18.43, a PEG ratio of 1.57 and a beta of 1.37. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 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 1.08%. InterDigital’s dividend payout ratio (DPR) is 19.03%.

Institutional Trading of InterDigital

Several hedge funds have recently modified their holdings of the business. Boston Partners grew its holdings in InterDigital by 5.5% during the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock worth $311,654,000 after acquiring an additional 83,794 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of InterDigital by 3.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider’s stock worth $118,722,000 after purchasing an additional 21,319 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of InterDigital by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider’s stock worth $115,240,000 after purchasing an additional 1,991 shares during the period. Reinhart Partners LLC. increased its holdings in shares of InterDigital by 13.9% in the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider’s stock valued at $84,859,000 after purchasing an additional 50,204 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of InterDigital by 19.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider’s stock valued at $74,191,000 after purchasing an additional 59,517 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

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.