Gotham Asset Management LLC Sells 37,125 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Gotham Asset Management LLC trimmed its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 86.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,783 shares of the Wireless communications provider's stock after selling 37,125 shares during the quarter. Gotham Asset Management LLC's holdings in InterDigital were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IDCC. Congress Asset Management Co. acquired a new stake in shares of InterDigital in the fourth quarter worth $62,583,000. Price T Rowe Associates Inc. MD lifted its stake in shares of InterDigital by 1,451.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider's stock worth $57,986,000 after buying an additional 280,030 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of InterDigital in the fourth quarter worth $19,572,000. Norges Bank acquired a new stake in shares of InterDigital in the fourth quarter worth $17,387,000. Finally, Boston Partners lifted its stake 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 worth $311,654,000 after buying an additional 83,794 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 1,781 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 24,395 shares in the company, valued at $5,318,110. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total transaction of $152,656.00. Following the transaction, the chief technology officer now owns 71,606 shares of the company's stock, valued at approximately $15,615,836.48. The trade was a 0.97% 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 in the last ninety days. 2.80% of the stock is currently owned by insiders.

InterDigital Stock Performance

Shares of InterDigital stock traded down $0.25 on Friday, reaching $212.26. The stock had a trading volume of 168,201 shares, compared to its average volume of 392,670. The business's 50-day moving average price is $206.45 and its two-hundred day moving average price is $198.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a fifty-two week low of $109.72 and a fifty-two week high of $231.97. The stock has a market cap of $5.51 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

InterDigital Company 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.