InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,961 shares of the Wireless communications provider's stock after selling 375,018 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of InterDigital worth $14,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IDCC. Congress Asset Management Co. acquired a new stake in shares of InterDigital during the 4th quarter worth approximately $62,583,000. Price T Rowe Associates Inc. MD grew its position in InterDigital by 1,451.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider's stock worth $57,986,000 after acquiring an additional 280,030 shares during the period. Millennium Management LLC increased its stake in InterDigital by 3,962.5% during the fourth quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock worth $24,947,000 after acquiring an additional 125,610 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in InterDigital in the fourth quarter valued at $19,572,000. Finally, Norges Bank purchased a new stake in InterDigital in the fourth quarter valued at $17,387,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of the sale, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the insider now directly owns 24,395 shares of the company's stock, valued at $5,318,110. The trade was a 6.80% decrease in their position. 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. Company insiders own 2.80% of the company's stock.

InterDigital Trading Up 2.3%

Shares of InterDigital stock traded up $5.08 during trading hours on Tuesday, hitting $221.45. The company's stock had a trading volume of 235,306 shares, compared to its average volume of 388,090. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.57 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a twelve month low of $114.07 and a twelve month high of $231.97. The firm has a fifty day moving average of $205.70 and a 200-day moving average of $200.63.

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.