InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3,962.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 128,780 shares of the Wireless communications provider's stock after acquiring an additional 125,610 shares during the period. Millennium Management LLC owned 0.51% of InterDigital worth $24,947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of InterDigital by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock worth $568,000 after acquiring an additional 51 shares during the period. One Wealth Advisors LLC boosted its stake in InterDigital by 1.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock worth $697,000 after buying an additional 64 shares during the period. Savant Capital LLC increased its position in shares of 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 acquiring an additional 64 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of InterDigital by 3.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock valued at $513,000 after acquiring an additional 83 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock valued at $2,383,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Stock Down 0.1%

Shares of NASDAQ IDCC traded down $0.25 during midday trading on Friday, hitting $212.26. The company's stock had a trading volume of 168,201 shares, compared to its average volume of 392,277. The business's fifty day simple moving average is $206.45 and its two-hundred day simple moving average is $199.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. InterDigital, Inc. has a 1 year low of $110.49 and a 1 year high of $231.97. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

Insiders Place Their Bets

In other news, insider Joshua D. Schmidt sold 1,781 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. This represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the completion of the sale, the chief technology officer now owns 71,606 shares in the company, valued at $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. In the last ninety days, insiders have sold 3,181 shares of company stock worth $667,635. Corporate insiders own 2.80% of the company's stock.

About InterDigital

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.