Deutsche Bank AG Increases Stake in InterDigital, Inc. (NASDAQ:IDCC)

Deutsche Bank AG lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,668 shares of the Wireless communications provider's stock after purchasing an additional 8,616 shares during the period. Deutsche Bank AG owned 0.12% of InterDigital worth $5,747,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $338,000. Amundi increased its holdings in shares of InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock worth $3,989,000 after buying an additional 7,586 shares during the last quarter. J2 Capital Management Inc bought a new stake in shares of InterDigital in the 4th quarter worth about $477,000. Rhumbline Advisers grew its holdings in InterDigital by 0.9% during the 4th quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock valued at $14,646,000 after purchasing an additional 646 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock valued at $129,000 after buying an additional 617 shares during the period. 99.83% of the stock is owned by institutional investors.

InterDigital Stock Down 0.1%

Shares of IDCC traded down $0.25 during mid-day trading on Friday, hitting $212.26. The company's stock had a trading volume of 168,201 shares, compared to its average volume of 392,277. InterDigital, Inc. has a 52-week low of $110.49 and a 52-week high of $231.97. The company's 50-day moving average is $206.45 and its 200-day moving average is $199.11. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.57 and a beta of 1.35.

Insider Buying and Selling at InterDigital

In other news, 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 completion of the sale, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital 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 directly owns 78,161 shares in the company, valued at $14,149,485.83. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,181 shares of company stock worth $667,635 over the last three months. 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.