Centiva Capital LP cut its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 65.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,696 shares of the Wireless communications provider's stock after selling 7,114 shares during the quarter. Centiva Capital LP's holdings in InterDigital were worth $716,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners raised its holdings in InterDigital by 5.5% during the fourth 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. raised its holdings in InterDigital by 3.6% during the fourth 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 raised its holdings in shares of InterDigital by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock worth $115,240,000 after acquiring an additional 1,991 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of InterDigital by 83.8% in the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after acquiring an additional 164,223 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of InterDigital by 4.7% in the fourth quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock worth $63,511,000 after acquiring an additional 14,809 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.
InterDigital Trading Down 1.3%
Shares of IDCC traded down $2.90 on Wednesday, hitting $219.50. 98,948 shares of the stock traded hands, compared to its average volume of 398,372. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.69 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.57 and a beta of 1.35. The stock's 50 day moving average is $206.27 and its two-hundred day moving average is $195.97. InterDigital, Inc. has a 1 year low of $106.10 and a 1 year high of $231.97.
Insider Activity at InterDigital
In related news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction on Thursday, March 20th. The stock was 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 directly owns 71,606 shares in the company, valued at approximately $15,615,836.48. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now owns 30,537 shares of the company's stock, valued at $6,550,491.87. This represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,133 shares of company stock worth $2,809,160. 2.80% of the stock is currently owned by insiders.
InterDigital Company Profile
(
Free Report)
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.
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