Uniplan Investment Counsel Inc. Sells 3,887 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Uniplan Investment Counsel Inc. trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,903 shares of the Wireless communications provider’s stock after selling 3,887 shares during the quarter. InterDigital makes up about 1.1% of Uniplan Investment Counsel Inc.’s investment portfolio, making the stock its 25th biggest position. Uniplan Investment Counsel Inc.’s holdings in InterDigital were worth $11,992,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in InterDigital by 24.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,376 shares of the Wireless communications provider’s stock worth $903,000 after acquiring an additional 1,265 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of InterDigital during the third quarter valued at approximately $1,511,000. Tidal Investments LLC increased its holdings in shares of InterDigital by 13.1% in the third quarter. Tidal Investments LLC now owns 10,923 shares of the Wireless communications provider’s stock valued at $1,547,000 after purchasing an additional 1,269 shares in the last quarter. GAMMA Investing LLC raised its position in InterDigital by 41.2% in the 4th quarter. GAMMA Investing LLC now owns 942 shares of the Wireless communications provider’s stock worth $182,000 after purchasing an additional 275 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in InterDigital by 24.4% during the 4th quarter. CWA Asset Management Group LLC now owns 8,847 shares of the Wireless communications provider’s stock worth $1,714,000 after buying an additional 1,734 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Down 3.1 %

Shares of IDCC opened at $183.37 on Tuesday. The business’s fifty day moving average price is $208.45 and its two-hundred day moving average price is $190.32. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.57 and a beta of 1.44. InterDigital, Inc. has a 52 week low of $96.48 and a 52 week high of $231.97. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a $0.60 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $2.40 annualized dividend and a yield of 1.31%. InterDigital’s dividend payout ratio (DPR) is currently 19.93%.

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the sale, the chief technology officer now directly owns 71,606 shares of the company’s stock, valued at $15,615,836.48. The trade was a 0.97 % 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, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the completion of the transaction, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,833 shares of company stock worth $2,938,660 over the last three months. 2.30% of the stock is currently owned by company insiders.

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.