Free Trial

InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Point72 Asset Management L.P.

InterDigital logo with Computer and Technology background

Point72 Asset Management L.P. trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 99.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,026 shares of the Wireless communications provider's stock after selling 4,989,974 shares during the quarter. Point72 Asset Management L.P.'s holdings in InterDigital were worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC boosted its stake in shares of InterDigital by 21.0% in the 4th quarter. ProShare Advisors LLC now owns 9,619 shares of the Wireless communications provider's stock valued at $1,863,000 after buying an additional 1,669 shares during the period. Quantinno Capital Management LP acquired a new position in shares of InterDigital in the fourth quarter valued at approximately $237,000. NDVR Inc. increased its holdings in shares of InterDigital by 5.0% in the fourth quarter. NDVR Inc. now owns 2,544 shares of the Wireless communications provider's stock valued at $493,000 after purchasing an additional 120 shares during the period. Millennium Management LLC increased its holdings in shares of InterDigital by 3,962.5% in the fourth quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock valued at $24,947,000 after purchasing an additional 125,610 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of InterDigital by 12.5% in the fourth quarter. Janus Henderson Group PLC now owns 12,214 shares of the Wireless communications provider's stock valued at $2,367,000 after purchasing an additional 1,360 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Performance

Shares of NASDAQ:IDCC traded up $1.42 during trading on Tuesday, reaching $213.68. The company had a trading volume of 55,425 shares, compared to its average volume of 390,944. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The stock's fifty day moving average price is $206.28 and its 200 day moving average price is $199.46. InterDigital, Inc. has a fifty-two week low of $110.49 and a fifty-two week high of $231.97.

Insider Activity at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of InterDigital 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 sale, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction that occurred 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 completion of the sale, the insider now owns 24,395 shares in the company, 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 worth $667,635 over the last three months. 2.80% of the stock is currently owned by corporate insiders.

InterDigital Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

Should You Invest $1,000 in InterDigital Right Now?

Before you consider InterDigital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterDigital wasn't on the list.

While InterDigital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Congress Is Pouring Millions Into These 6 Surprising Stocks
3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines