Jefferies Financial Group Inc. Invests $1.14 Million in InterDigital, Inc. (NASDAQ:IDCC)

Jefferies Financial Group Inc. acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,863 shares of the Wireless communications provider's stock, valued at approximately $1,136,000.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in InterDigital by 187.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,388 shares of the Wireless communications provider's stock valued at $1,819,000 after purchasing an additional 6,127 shares during the period. Flagship Harbor Advisors LLC bought a new stake in InterDigital in the 4th quarter valued at about $338,000. Blue Trust Inc. boosted its holdings in InterDigital by 57.2% in the 4th quarter. Blue Trust Inc. now owns 1,847 shares of the Wireless communications provider's stock valued at $358,000 after purchasing an additional 672 shares during the period. KBC Group NV boosted its holdings in InterDigital by 57.0% in the 4th quarter. KBC Group NV now owns 958 shares of the Wireless communications provider's stock valued at $186,000 after purchasing an additional 348 shares during the period. Finally, R Squared Ltd bought a new stake in InterDigital in the 4th quarter valued at about $70,000. 99.83% of the stock is owned by institutional investors.

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $14,149,485.83. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm's 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 owns 24,395 shares in the company, valued at $5,318,110. This represents a 6.80% 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 valued at $667,635. Company insiders own 2.80% of the company's stock.

InterDigital Stock Performance

NASDAQ IDCC traded up $1.57 during trading on Friday, reaching $215.76. The company's stock had a trading volume of 327,682 shares, compared to its average volume of 389,214. 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 firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a 12 month low of $111.96 and a 12 month high of $231.97. The firm has a 50 day moving average price of $205.70 and a 200 day moving average price of $200.00.

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.