Brevan Howard Capital Management LP Sells 16,063 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Brevan Howard Capital Management LP reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 80.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,947 shares of the Wireless communications provider's stock after selling 16,063 shares during the period. Brevan Howard Capital Management LP's holdings in InterDigital were worth $765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridgefront Capital LLC grew its holdings in shares of InterDigital by 23.4% in the fourth quarter. Bridgefront Capital LLC now owns 4,429 shares of the Wireless communications provider's stock worth $858,000 after purchasing an additional 840 shares during the last quarter. Captrust Financial Advisors boosted its holdings in InterDigital by 1.2% in the fourth quarter. Captrust Financial Advisors now owns 14,036 shares of the Wireless communications provider's stock valued at $2,719,000 after acquiring an additional 160 shares in the last quarter. Caxton Associates LP boosted its holdings in InterDigital by 393.8% in the fourth quarter. Caxton Associates LP now owns 10,917 shares of the Wireless communications provider's stock valued at $2,115,000 after acquiring an additional 8,706 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in InterDigital by 332.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 65,502 shares of the Wireless communications provider's stock valued at $12,689,000 after acquiring an additional 50,371 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in InterDigital by 8.3% in the fourth quarter. Baird Financial Group Inc. now owns 130,951 shares of the Wireless communications provider's stock valued at $25,368,000 after acquiring an additional 10,006 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

InterDigital Trading Down 1.2%

NASDAQ:IDCC traded down $2.75 during trading hours on Wednesday, hitting $219.65. The company had a trading volume of 89,938 shares, compared to its average volume of 398,338. The company has a market capitalization of $5.70 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The stock has a 50-day moving average price of $206.27 and a 200 day moving average price of $195.97. InterDigital, Inc. has a 52 week low of $106.10 and a 52 week high of $231.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

Insider Buying and Selling at InterDigital

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 approximately $22,070,861.55. This trade represents a 8.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated 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 of the company's stock, valued at approximately $14,149,485.83. This represents a 0.89% 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 valued at $2,809,160. 2.80% of the stock is currently owned by company insiders.

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.