Crestline Management LP Invests $956,000 in InterDigital, Inc. (NASDAQ:IDCC)

Crestline Management LP bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,933 shares of the Wireless communications provider's stock, valued at approximately $956,000.

A number of other large investors have also recently modified their holdings of IDCC. Cetera Investment Advisers boosted its stake in InterDigital by 20.2% during the fourth quarter. Cetera Investment Advisers now owns 2,902 shares of the Wireless communications provider's stock worth $562,000 after acquiring an additional 487 shares in the last quarter. Bridgefront Capital LLC boosted its stake in InterDigital by 23.4% during the fourth quarter. Bridgefront Capital LLC now owns 4,429 shares of the Wireless communications provider's stock worth $858,000 after acquiring an additional 840 shares in the last quarter. Captrust Financial Advisors boosted its stake in InterDigital by 1.2% during the fourth quarter. Captrust Financial Advisors now owns 14,036 shares of the Wireless communications provider's stock worth $2,719,000 after acquiring an additional 160 shares in the last quarter. Caxton Associates LP boosted its stake in InterDigital by 393.8% during the fourth quarter. Caxton Associates LP now owns 10,917 shares of the Wireless communications provider's stock worth $2,115,000 after acquiring an additional 8,706 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in InterDigital by 332.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 65,502 shares of the Wireless communications provider's stock worth $12,689,000 after acquiring an additional 50,371 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Up 2.1%

InterDigital stock traded up $4.44 during trading hours on Thursday, hitting $221.11. The stock had a trading volume of 103,579 shares, compared to its average volume of 397,011. The stock's 50-day moving average price is $206.30 and its 200-day moving average price is $196.11. The stock has a market capitalization of $5.74 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a 12-month low of $106.96 and a 12-month high of $231.97. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

Insider Activity at InterDigital

In other InterDigital news, 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 value of $388,258.00. Following the transaction, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction that occurred 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 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. Insiders have sold a total of 13,133 shares of company stock worth $2,809,160 over the last quarter. 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.