MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Stock Position in InterDigital, Inc. (NASDAQ:IDCC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,156 shares of the Wireless communications provider's stock after selling 1,218 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.15% of InterDigital worth $7,585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in IDCC. Merit Financial Group LLC increased its stake in shares of InterDigital by 10.8% in the fourth quarter. Merit Financial Group LLC now owns 11,988 shares of the Wireless communications provider's stock worth $2,322,000 after buying an additional 1,170 shares during the period. J2 Capital Management Inc purchased a new position in shares of InterDigital in the fourth quarter worth $477,000. Janney Montgomery Scott LLC increased its stake in shares of InterDigital by 187.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,388 shares of the Wireless communications provider's stock worth $1,819,000 after buying an additional 6,127 shares during the period. Inspire Investing LLC increased its stake in shares of InterDigital by 280.9% in the fourth quarter. Inspire Investing LLC now owns 11,039 shares of the Wireless communications provider's stock worth $2,138,000 after buying an additional 8,141 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of InterDigital in the fourth quarter worth $338,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Trading Down 0.1%

Shares of NASDAQ IDCC traded down $0.25 during mid-day trading on Friday, hitting $212.26. The stock had a trading volume of 168,201 shares, compared to its average volume of 392,670. 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 1 year low of $109.72 and a 1 year high of $231.97. The business has a 50 day moving average price of $206.45 and a two-hundred day moving average price of $198.96. The firm has a market cap of $5.51 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joshua D. Schmidt sold 1,781 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. The trade was a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,181 shares of company stock valued at $667,635. 2.80% of the stock is currently owned by company insiders.

About InterDigital

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.