Algert Global LLC Acquires 5,952 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Algert Global LLC boosted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 122.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,830 shares of the Wireless communications provider's stock after purchasing an additional 5,952 shares during the period. Algert Global LLC's holdings in InterDigital were worth $2,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after acquiring an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of InterDigital in the fourth quarter valued at approximately $39,000. Mendota Financial Group LLC raised its stake in shares of InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 290 shares during the last quarter. R Squared Ltd bought a new position in shares of InterDigital in the fourth quarter valued at approximately $70,000. Finally, Transce3nd LLC bought a new position in shares of InterDigital in the fourth quarter valued at approximately $110,000. Institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

Shares of NASDAQ:IDCC traded up $5.58 during trading on Monday, reaching $217.54. The stock had a trading volume of 306,736 shares, compared to its average volume of 400,004. InterDigital, Inc. has a 52 week low of $105.28 and a 52 week high of $231.97. The business's 50-day moving average price is $205.75 and its 200 day moving average price is $195.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $5.64 billion, a PE ratio of 18.07, a P/E/G ratio of 1.57 and a beta of 1.35.

Insider Activity

In other news, 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 completion of the transaction, the chief technology officer now owns 71,606 shares in the company, valued at approximately $15,615,836.48. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares of the company's stock, valued at $22,070,861.55. This trade represents a 8.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,133 shares of company stock worth $2,809,160. Insiders own 2.80% of the company's stock.

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.