Ensign Peak Advisors Inc Purchases 4,090 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Ensign Peak Advisors Inc boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,054 shares of the Wireless communications provider's stock after purchasing an additional 4,090 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of InterDigital worth $3,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners increased its holdings in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after acquiring an additional 83,794 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position 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 valued at $118,722,000 after buying an additional 21,319 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of InterDigital by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock valued at $115,240,000 after purchasing an additional 1,991 shares during the period. Invesco Ltd. increased its stake 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 buying an additional 14,809 shares during the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of InterDigital in the fourth quarter worth $62,583,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

IDCC stock traded down $0.79 during trading on Monday, hitting $217.90. 86,030 shares of the company's stock traded hands, compared to its average volume of 394,738. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52 week low of $109.11 and a 52 week high of $231.97. The stock has a fifty day moving average price of $206.54 and a two-hundred day moving average price of $197.74. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the transaction, the chief technology officer now owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 102,555 shares of the company's stock, valued at $22,070,861.55. The trade was a 8.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,133 shares of company stock worth $2,809,160 over the last 90 days. 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.