Balyasny Asset Management L.P. Purchases 50,371 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Balyasny Asset Management L.P. lifted its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 332.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,502 shares of the Wireless communications provider's stock after purchasing an additional 50,371 shares during the quarter. Balyasny Asset Management L.P. owned 0.26% of InterDigital worth $12,689,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of InterDigital by 8.3% during the fourth quarter. Baird Financial Group Inc. now owns 130,951 shares of the Wireless communications provider's stock worth $25,368,000 after purchasing an additional 10,006 shares during the last quarter. Bayesian Capital Management LP bought a new position in InterDigital during the fourth quarter worth about $1,459,000. Algert Global LLC boosted its holdings in InterDigital by 122.0% during the fourth quarter. Algert Global LLC now owns 10,830 shares of the Wireless communications provider's stock worth $2,098,000 after buying an additional 5,952 shares during the last quarter. AXA S.A. boosted its holdings in InterDigital by 1,386.2% during the fourth quarter. AXA S.A. now owns 22,545 shares of the Wireless communications provider's stock worth $4,367,000 after buying an additional 21,028 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of InterDigital during the fourth quarter worth about $875,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the transaction, the chief technology officer now directly owns 78,161 shares in the company, valued at $14,149,485.83. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction dated 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 directly owns 102,555 shares in the company, valued at $22,070,861.55. The trade was a 8.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,133 shares of company stock valued at $2,809,160. 2.80% of the stock is owned by insiders.

InterDigital Stock Up 2.6%

Shares of NASDAQ IDCC traded up $5.58 during mid-day trading on Monday, reaching $217.54. 306,736 shares of the company's stock were exchanged, compared to its average volume of 400,004. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.57 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $205.75 and a 200 day simple moving average of $195.29. InterDigital, Inc. has a twelve month low of $105.28 and a twelve month high of $231.97.

InterDigital Company 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.