InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen Sells 5,891 Shares

by · The Cerbat Gem

InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) CEO Lawrence Liren Chen sold 5,891 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total value of $1,150,747.94. Following the completion of the transaction, the chief executive officer now directly owns 164,543 shares in the company, valued at approximately $32,141,829.62. This represents a 3.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

InterDigital Price Performance

Shares of NASDAQ IDCC traded down $1.25 during midday trading on Friday, reaching $187.72. The stock had a trading volume of 532,196 shares, compared to its average volume of 445,629. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.62 and a current ratio of 1.62. InterDigital, Inc. has a 12-month low of $95.33 and a 12-month high of $203.90. The stock has a 50-day moving average of $177.46 and a 200-day moving average of $145.93. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, January 8th. InterDigital’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IDCC shares. Roth Mkm increased their price objective on shares of InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

Read Our Latest Research Report on IDCC

Hedge Funds Weigh In On InterDigital

Several hedge funds have recently modified their holdings of IDCC. Transcendent Capital Group LLC bought a new position in shares of InterDigital during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in InterDigital during the third quarter valued at $26,000. 1620 Investment Advisors Inc. bought a new position in InterDigital during the second quarter valued at $29,000. Nisa Investment Advisors LLC grew its stake in shares of InterDigital by 38.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 396 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 109 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of InterDigital by 81.3% in the 3rd quarter. GAMMA Investing LLC now owns 667 shares of the Wireless communications provider’s stock worth $94,000 after buying an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

About InterDigital

(Get Free Report)

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.

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