Janus Henderson Group PLC Raises Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Janus Henderson Group PLC lifted its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,214 shares of the Wireless communications provider's stock after purchasing an additional 1,360 shares during the quarter. Janus Henderson Group PLC's holdings in InterDigital were worth $2,367,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC raised its holdings in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in InterDigital during the 4th quarter worth about $39,000. R Squared Ltd purchased a new stake in InterDigital during the 4th quarter valued at about $70,000. Transce3nd LLC acquired a new position in shares of InterDigital in the fourth quarter valued at about $110,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of InterDigital by 468.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock worth $121,000 after purchasing an additional 511 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $215.80 on Wednesday. InterDigital, Inc. has a twelve month low of $109.24 and a twelve month high of $231.97. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.60 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The company's 50 day moving average is $206.78 and its 200 day moving average is $198.23.

Insider Buying and Selling at InterDigital

In other InterDigital 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 transaction, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $218.08, for a total value of $152,656.00. Following the transaction, the chief technology officer now directly owns 71,606 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 3,181 shares of company stock valued at $667,635. 2.80% of the stock is owned by 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.

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