Ensign Peak Advisors Inc Has $3.11 Million Stake in InterDigital, Inc. (NASDAQ:IDCC)

Ensign Peak Advisors Inc grew its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,054 shares of the Wireless communications provider's stock after buying an additional 4,090 shares during the quarter. Ensign Peak Advisors Inc owned 0.06% of InterDigital worth $3,110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in InterDigital by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock worth $568,000 after purchasing an additional 51 shares during the period. One Wealth Advisors LLC raised its holdings in shares of InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock worth $697,000 after buying an additional 64 shares in the last quarter. Savant Capital LLC raised its holdings in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock worth $461,000 after buying an additional 64 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of InterDigital by 3.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock worth $513,000 after buying an additional 83 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in InterDigital by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock valued at $2,383,000 after buying an additional 100 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

InterDigital Price Performance

InterDigital stock traded up $0.66 during mid-day trading on Tuesday, hitting $218.02. 19,638 shares of the company were exchanged, compared to its average volume of 373,928. The company has a market capitalization of $5.65 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The business has a fifty day moving average of $206.63 and a 200 day moving average of $198.11. InterDigital, Inc. has a 1-year low of $109.24 and a 1-year high of $231.96. 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 Transactions at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the transaction, the insider now owns 24,395 shares of the company's stock, valued at approximately $5,318,110. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the sale, the chief technology officer now owns 78,161 shares in the company, valued at $14,149,485.83. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,181 shares of company stock valued at $667,635. 2.80% of the stock is owned by 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.