Ameriflex Group Inc. Makes New $607,000 Investment in InterDigital, Inc. (NASDAQ:IDCC)

Ameriflex Group Inc. acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,317 shares of the Wireless communications provider's stock, valued at approximately $607,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Boston Partners increased its holdings in shares of InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock valued at $311,654,000 after purchasing an additional 83,794 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake 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 buying an additional 21,319 shares in the last quarter. Geode Capital Management LLC grew its stake in InterDigital by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock worth $115,240,000 after buying an additional 1,991 shares in the last quarter. Invesco Ltd. grew its stake in InterDigital by 4.7% during 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 in the last quarter. Finally, Congress Asset Management Co. bought a new position in shares of InterDigital in the fourth quarter worth about $62,583,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Up 1.0%

NASDAQ IDCC traded up $2.13 during trading hours on Friday, reaching $216.32. The company's stock had a trading volume of 79,824 shares, compared to its average volume of 389,041. The firm has a fifty day simple moving average of $205.90 and a 200-day simple moving average of $199.82. The stock has a market cap of $5.61 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a 52 week low of $111.85 and a 52 week high of $231.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

Insider Transactions at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 24,395 shares of the company's stock, valued at $5,318,110. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,181 shares of company stock worth $667,635 in the last ninety days. Company insiders own 2.80% of the company's stock.

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.