Xponance Inc. Acquires 178 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Xponance Inc. increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,823 shares of the Wireless communications provider’s stock after acquiring an additional 178 shares during the quarter. Xponance Inc.’s holdings in InterDigital were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in shares of InterDigital during the 4th quarter worth about $338,000. Kovitz Investment Group Partners LLC acquired a new stake in InterDigital during the third quarter worth about $380,000. Reinhart Partners LLC. raised its holdings in InterDigital by 83.8% in the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after acquiring an additional 164,223 shares in the last quarter. Amundi raised its holdings in InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock valued at $3,989,000 after acquiring an additional 7,586 shares in the last quarter. Finally, J2 Capital Management Inc bought a new stake in shares of InterDigital in the 4th quarter worth approximately $477,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at $6,550,491.87. This trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the sale, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,833 shares of company stock valued at $2,954,830. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

IDCC opened at $215.05 on Friday. The stock has a market cap of $5.52 billion, a PE ratio of 17.86, a P/E/G ratio of 1.57 and a beta of 1.45. InterDigital, Inc. has a 1 year low of $95.33 and a 1 year high of $231.97. The stock’s 50 day simple moving average is $203.58 and its 200-day simple moving average is $181.89. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

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 paid a $0.60 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, April 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. InterDigital’s dividend payout ratio is currently 19.93%.

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.