InterDigital, Inc. (NASDAQ:IDCC) Stock Holdings Lessened by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 41.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,990 shares of the Wireless communications provider's stock after selling 2,100 shares during the period. Waters Parkerson & CO. LLC's holdings in InterDigital were worth $579,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IDCC. Merit Financial Group LLC grew its position in shares of InterDigital by 10.8% during the fourth quarter. Merit Financial Group LLC now owns 11,988 shares of the Wireless communications provider's stock worth $2,322,000 after acquiring an additional 1,170 shares during the last quarter. J2 Capital Management Inc bought a new position in InterDigital in the 4th quarter valued at about $477,000. Janney Montgomery Scott LLC grew its position in InterDigital by 187.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,388 shares of the Wireless communications provider's stock valued at $1,819,000 after buying an additional 6,127 shares in the last quarter. Inspire Investing LLC grew its position in InterDigital by 280.9% in the 4th quarter. Inspire Investing LLC now owns 11,039 shares of the Wireless communications provider's stock valued at $2,138,000 after buying an additional 8,141 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in InterDigital in the 4th quarter valued at about $338,000. Institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

IDCC traded down $0.25 on Friday, reaching $212.26. The company had a trading volume of 168,201 shares, compared to its average volume of 392,670. The company has a fifty day moving average of $206.45 and a 200-day moving average of $198.96. The company has a market capitalization of $5.51 billion, a P/E ratio of 17.63, a PEG 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. InterDigital, Inc. has a one year low of $109.72 and a one year high of $231.97.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction dated 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 sale, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the sale, the insider now directly owns 24,395 shares of the company's stock, valued at $5,318,110. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,181 shares of company stock valued at $667,635. 2.80% of the stock is owned by insiders.

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.