Oak Family Advisors LLC Trims Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Oak Family Advisors LLC decreased its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 24.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,608 shares of the Wireless communications provider's stock after selling 3,360 shares during the quarter. Oak Family Advisors LLC's holdings in InterDigital were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IDCC. Global Retirement Partners LLC lifted its position in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares during the last quarter. Elequin Capital LP bought a new stake in InterDigital in the 4th quarter worth approximately $29,000. Prudent Man Investment Management Inc. bought a new stake in InterDigital in the 4th quarter worth approximately $39,000. Versant Capital Management Inc lifted its position in InterDigital by 957.9% in the 1st quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock worth $42,000 after buying an additional 182 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in InterDigital in the 4th quarter worth approximately $110,000. Institutional investors own 99.83% of the company's stock.

InterDigital Trading Up 0.1%

IDCC stock traded up $0.30 during midday trading on Wednesday, hitting $221.94. The company had a trading volume of 315,181 shares, compared to its average volume of 385,327. 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 52 week low of $114.56 and a 52 week high of $231.97. The stock's 50 day moving average price is $208.29 and its 200 day moving average price is $202.19. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.57 and a beta of 1.37.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the transaction, the chief technology officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Kritzmacher sold 519 shares of the business'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 value of $117,631.35. Following the transaction, the director now directly owns 19,774 shares in the company, valued at $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,777 shares of company stock worth $1,255,642. 2.30% of the stock is currently owned by insiders.

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.