Balyasny Asset Management L.P. Has $12.69 Million Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

Balyasny Asset Management L.P. lifted its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 332.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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.

Several other large investors have also made changes to their positions in the company. Boston Partners grew its holdings in shares of InterDigital by 5.5% in the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after purchasing an additional 83,794 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of InterDigital by 3.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after purchasing an additional 21,319 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of InterDigital by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock worth $115,240,000 after purchasing an additional 1,991 shares during the last quarter. Reinhart Partners LLC. grew its holdings 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 worth $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of InterDigital by 4.7% in the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock worth $63,511,000 after purchasing an additional 14,809 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

Shares of NASDAQ IDCC traded down $2.75 during trading on Wednesday, reaching $219.65. The company had a trading volume of 89,938 shares, compared to its average volume of 398,338. InterDigital, Inc. has a 52 week low of $106.10 and a 52 week high of $231.97. The stock has a market cap of $5.70 billion, a PE ratio of 18.24, a PEG 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. The business's 50 day moving average price is $206.27 and its 200-day moving average price is $195.97.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the 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 sale, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 24,395 shares in the company, valued at $5,318,110. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,133 shares of company stock worth $2,809,160. Company 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.