Wellington Management Group LLP Sells 148,261 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Wellington Management Group LLP lowered its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 95.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,439 shares of the Wireless communications provider's stock after selling 148,261 shares during the period. Wellington Management Group LLP's holdings in InterDigital were worth $1,441,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in InterDigital by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider's stock worth $808,000 after buying an additional 160 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in InterDigital in the 4th quarter worth about $1,136,000. Ameriflex Group Inc. acquired a new stake in InterDigital in the 4th quarter worth about $607,000. Formidable Asset Management LLC acquired a new stake in InterDigital in the 4th quarter worth about $232,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in InterDigital in the 4th quarter worth about $219,000. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Trading Up 0.3%

Shares of NASDAQ IDCC traded up $0.65 during midday trading on Monday, hitting $227.96. The stock had a trading volume of 244,993 shares, compared to its average volume of 387,035. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 1-year low of $114.42 and a 1-year high of $231.97. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $207.21 and a 200 day moving average price of $201.91.

Insider Activity

In other news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction 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 sale, the chief technology officer now directly owns 71,606 shares of the company's stock, valued at $15,615,836.48. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value 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 trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,181 shares of company stock worth $667,635 over the last 90 days. 2.80% of the stock is currently owned by company 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.