Axa S.A. Buys 21,028 Shares of InterDigital, Inc. (NASDAQ:IDCC)

AXA S.A. grew its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 1,386.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,545 shares of the Wireless communications provider's stock after purchasing an additional 21,028 shares during the quarter. AXA S.A. owned approximately 0.09% of InterDigital worth $4,367,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IDCC. GAMMA Investing LLC boosted its position in shares of InterDigital by 41.2% during the 4th quarter. GAMMA Investing LLC now owns 942 shares of the Wireless communications provider's stock valued at $182,000 after acquiring an additional 275 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of InterDigital by 101.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,686 shares of the Wireless communications provider's stock valued at $5,557,000 after acquiring an additional 14,427 shares in the last quarter. City Center Advisors LLC acquired a new position in shares of InterDigital during the fourth quarter worth about $418,000. Reinhart Partners LLC. increased its position in shares of 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 purchasing an additional 164,223 shares during the last quarter. Finally, Mendota Financial Group LLC lifted its holdings in InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 290 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at InterDigital

In other news, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now directly owns 30,537 shares in the company, valued at $6,550,491.87. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joshua D. Schmidt sold 1,781 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the completion of the transaction, the insider now directly owns 24,395 shares of the company's stock, valued at $5,318,110. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,133 shares of company stock worth $2,809,160 in the last three months. Insiders own 2.30% of the company's stock.

InterDigital Stock Performance

NASDAQ IDCC traded down $0.01 during trading hours on Friday, hitting $211.96. The company had a trading volume of 184,847 shares, compared to its average volume of 400,258. The business has a 50 day moving average of $205.75 and a 200-day moving average of $194.65. The company has a market cap of $5.50 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. 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, Inc. has a 1-year low of $105.28 and a 1-year high of $231.97.

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.