Ameriflex Group Inc. Invests $607,000 in InterDigital, Inc. (NASDAQ:IDCC)

Ameriflex Group Inc. purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,317 shares of the Wireless communications provider's stock, valued at approximately $607,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IDCC. Global Retirement Partners LLC grew its position in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares during the period. Elequin Capital LP acquired a new stake in InterDigital during the fourth quarter worth approximately $29,000. Prudent Man Investment Management Inc. acquired a new stake in InterDigital during the fourth quarter worth approximately $39,000. R Squared Ltd purchased a new position in InterDigital during the fourth quarter worth approximately $70,000. Finally, Transce3nd LLC purchased a new position in InterDigital during the fourth quarter worth approximately $110,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of InterDigital 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 directly owns 71,606 shares of the company's stock, valued at $15,615,836.48. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the business'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 transaction, the insider now directly owns 24,395 shares in the company, valued at $5,318,110. The trade was a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,181 shares of company stock valued at $667,635 in the last ninety days. Company insiders own 2.80% of the company's stock.

InterDigital Trading Up 0.9%

Shares of IDCC stock traded up $1.84 during mid-day trading on Wednesday, reaching $213.30. The company's stock had a trading volume of 170,046 shares, compared to its average volume of 390,820. InterDigital, Inc. has a 12-month low of $110.49 and a 12-month high of $231.97. The firm has a market capitalization of $5.53 billion, a PE ratio of 17.72, 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. The company's 50 day simple moving average is $206.13 and its 200-day simple moving average is $199.54.

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.