Nuveen Asset Management LLC Sells 4,559 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Nuveen Asset Management LLC cut its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,242 shares of the Wireless communications provider's stock after selling 4,559 shares during the quarter. Nuveen Asset Management LLC owned about 0.42% of InterDigital worth $20,581,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in shares of InterDigital by 504.5% during 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 period. Prudent Man Investment Management Inc. acquired a new stake in InterDigital in the fourth quarter worth $39,000. R Squared Ltd acquired a new stake in InterDigital in the fourth quarter worth $70,000. Transce3nd LLC acquired a new stake in InterDigital in the fourth quarter worth $110,000. Finally, Smartleaf Asset Management LLC grew its holdings in InterDigital by 468.8% in 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.

Insiders Place Their Bets

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

InterDigital Stock Down 0.4%

NASDAQ:IDCC traded down $0.92 during trading hours on Thursday, reaching $212.39. The company had a trading volume of 52,040 shares, compared to its average volume of 363,858. 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 firm has a market cap of $5.51 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.57 and a beta of 1.35. The business's 50-day simple moving average is $206.05 and its two-hundred day simple moving average is $199.63. InterDigital, Inc. has a twelve month low of $110.49 and a twelve month high of $231.96.

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.