Gotham Asset Management LLC Has $1.12 Million Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Gotham Asset Management LLC lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 86.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in InterDigital by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock worth $568,000 after purchasing an additional 51 shares during the period. One Wealth Advisors LLC lifted its position in InterDigital by 1.8% during the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock valued at $697,000 after purchasing an additional 64 shares during the period. Savant Capital LLC boosted its stake in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock valued at $461,000 after purchasing an additional 64 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of InterDigital by 3.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock valued at $513,000 after purchasing an additional 83 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of InterDigital by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock worth $2,383,000 after buying an additional 100 shares during the period. Institutional investors own 99.83% of the company's stock.

InterDigital Trading Down 0.7%

Shares of IDCC traded down $1.56 on Tuesday, reaching $215.80. 217,404 shares of the company's stock were exchanged, compared to its average volume of 394,473. The business has a 50 day moving average price of $206.78 and a two-hundred day moving average price of $198.23. InterDigital, Inc. has a 12 month low of $109.24 and a 12 month high of $231.97. The stock has a market capitalization of $5.60 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

Insiders Place Their Bets

In related news, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total transaction of $388,258.00. Following the sale, the insider now owns 24,395 shares of the company's stock, valued at approximately $5,318,110. This trade represents a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the transaction, the chief technology officer now owns 78,161 shares in the company, valued at approximately $14,149,485.83. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,181 shares of company stock worth $667,635. Insiders own 2.80% of the company's stock.

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.