GAMMA Investing LLC Increases Stake in InterDigital, Inc. (NASDAQ:IDCC)

GAMMA Investing LLC boosted its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 31,724.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,788 shares of the Wireless communications provider's stock after purchasing an additional 298,846 shares during the period. GAMMA Investing LLC owned about 1.17% of InterDigital worth $619,810,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Global Retirement Partners LLC increased its stake in shares of InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after buying an additional 111 shares during the period. Elequin Capital LP purchased a new position in shares of InterDigital during the fourth quarter valued at approximately $29,000. Prudent Man Investment Management Inc. purchased a new position in shares of InterDigital during the fourth quarter valued at approximately $39,000. Versant Capital Management Inc increased its stake in shares of InterDigital by 957.9% during the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock valued at $42,000 after buying an additional 182 shares during the period. Finally, R Squared Ltd purchased a new position in shares of InterDigital during the fourth quarter valued at approximately $70,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction on Monday, April 7th. The stock was 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. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction dated 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 transaction, the insider now directly owns 24,395 shares of the company's stock, valued at approximately $5,318,110. This represents a 6.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,181 shares of company stock valued at $667,635 in the last three months. Company insiders own 2.80% of the company's stock.

InterDigital Trading Down 0.1%

Shares of NASDAQ:IDCC traded down $0.33 on Wednesday, hitting $221.12. The company had a trading volume of 74,480 shares, compared to its average volume of 386,844. The firm's 50-day simple moving average is $205.70 and its two-hundred day simple moving average is $200.63. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 18.37, a P/E/G 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, Inc. has a 1 year low of $114.07 and a 1 year high of $231.97.

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.