Harbor Capital Advisors Inc. Has $8.72 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Harbor Capital Advisors Inc. grew its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,158 shares of the Wireless communications provider's stock after buying an additional 13,472 shares during the quarter. Harbor Capital Advisors Inc. owned 0.16% of InterDigital worth $8,716,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IDCC. Stratos Wealth Partners LTD. grew its holdings in InterDigital by 29.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock worth $378,000 after acquiring an additional 441 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in InterDigital by 14.9% in the fourth quarter. Apollon Wealth Management LLC now owns 2,498 shares of the Wireless communications provider's stock worth $484,000 after purchasing an additional 323 shares during the period. Savant Capital LLC increased its stake in InterDigital by 2.8% during the fourth 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. Leavell Investment Management Inc. raised its holdings in shares of InterDigital by 9.1% during the fourth quarter. Leavell Investment Management Inc. now owns 1,784 shares of the Wireless communications provider's stock worth $346,000 after purchasing an additional 149 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in shares of InterDigital by 0.8% in 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 last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Performance

Shares of NASDAQ IDCC traded up $1.10 during mid-day trading on Thursday, hitting $223.04. The company had a trading volume of 68,307 shares, compared to its average volume of 384,131. InterDigital, Inc. has a 12 month low of $114.56 and a 12 month high of $231.97. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The firm's 50 day simple moving average is $208.29 and its two-hundred day simple moving average is $202.19.

Insider Activity

In related news, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the transaction, the director now owns 19,774 shares of the company's stock, valued at approximately $4,481,777.10. This trade represents a 2.56% 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 the firm'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 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. In the last quarter, insiders sold 5,777 shares of company stock worth $1,255,642. Corporate insiders own 2.30% 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.