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

Wellington Management Group LLP trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 95.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of IDCC. Stratos Wealth Partners LTD. lifted its holdings in shares of InterDigital by 29.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock worth $378,000 after buying an additional 441 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in InterDigital by 14.9% in the 4th quarter. Apollon Wealth Management LLC now owns 2,498 shares of the Wireless communications provider's stock worth $484,000 after purchasing an additional 323 shares in the last quarter. Advisors Preferred LLC purchased a new stake in InterDigital in the 4th quarter worth approximately $1,619,000. Savant Capital LLC boosted its holdings in InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock valued at $461,000 after purchasing an additional 64 shares during the period. Finally, Leavell Investment Management Inc. increased its holdings in shares of InterDigital by 9.1% in the fourth quarter. Leavell Investment Management Inc. now owns 1,784 shares of the Wireless communications provider's stock worth $346,000 after purchasing an additional 149 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Price Performance

Shares of IDCC stock traded down $6.32 during trading on Tuesday, hitting $221.64. The company had a trading volume of 247,616 shares, compared to its average volume of 385,389. The stock's 50-day moving average is $207.68 and its two-hundred day moving average is $202.05. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52 week low of $114.42 and a 52 week high of $231.97.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the sale, the chief technology officer now owns 78,161 shares of the company's stock, valued at $14,149,485.83. This trade represents a 0.89% decrease in their position. 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 company's stock in a transaction dated Wednesday, March 19th. The shares were 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 approximately $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 have sold a total of 3,181 shares of company stock valued at $667,635 over the last three months. 2.80% of the stock is 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.