1,200 Shares in InterDigital, Inc. (NASDAQ:IDCC) Bought by Formidable Asset Management LLC

Formidable Asset Management LLC acquired a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,200 shares of the Wireless communications provider's stock, valued at approximately $232,000.

Several other institutional investors have also added to or reduced their stakes in IDCC. Global Retirement Partners LLC raised its holdings in InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 111 shares in the last quarter. Elequin Capital LP bought a new stake in shares of InterDigital during the 4th quarter valued at $29,000. Prudent Man Investment Management Inc. purchased a new stake in shares of InterDigital in the 4th quarter worth about $39,000. R Squared Ltd bought a new position in shares of InterDigital in the 4th quarter worth about $70,000. Finally, Transce3nd LLC bought a new position in shares of InterDigital in the 4th quarter worth about $110,000. 99.83% of the stock is currently owned by institutional investors.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the sale, the insider now directly owns 24,395 shares of the company's stock, valued at $5,318,110. This trade represents a 6.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,181 shares of company stock valued at $667,635. 2.80% of the stock is owned by insiders.

InterDigital Stock Down 0.2%

Shares of NASDAQ IDCC traded down $0.52 on Friday, reaching $213.67. 60,579 shares of the company's stock traded hands, compared to its average volume of 388,952. The business's 50 day simple moving average is $205.90 and its two-hundred day simple moving average is $199.82. InterDigital, Inc. has a 12 month low of $111.85 and a 12 month high of $231.97. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. 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 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.