Tidal Investments LLC Cuts Stake in InterDigital, Inc. (NASDAQ:IDCC)

Tidal Investments LLC decreased its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,768 shares of the Wireless communications provider's stock after selling 5,155 shares during the period. Tidal Investments LLC's holdings in InterDigital were worth $1,117,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its holdings in shares of 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 purchasing an additional 111 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in InterDigital in the fourth quarter worth $39,000. R Squared Ltd purchased a new stake in InterDigital in the fourth quarter worth $70,000. Transce3nd LLC bought a new stake in shares of InterDigital in the fourth quarter valued at $110,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock valued at $121,000 after buying an additional 511 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 IDCC stock traded up $0.37 on Friday, hitting $214.56. 37,391 shares of the stock were exchanged, compared to its average volume of 388,855. The firm's 50 day moving average is $205.90 and its two-hundred day moving average is $199.82. InterDigital, Inc. has a one year low of $111.85 and a one year high of $231.97. The firm has a market capitalization of $5.56 billion, a PE ratio of 17.83, a P/E/G 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.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction that occurred 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 sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the transaction, the chief technology officer now directly owns 78,161 shares in the company, valued at $14,149,485.83. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,181 shares of company stock worth $667,635. 2.80% of the stock is currently owned by insiders.

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.