Portside Wealth Group LLC acquired a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,657 shares of the Wireless communications provider's stock, valued at approximately $321,000.
Several other large investors also recently added to or reduced their stakes in IDCC. Amundi boosted its position in shares of InterDigital by 57.0% during the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock valued at $3,989,000 after acquiring an additional 7,586 shares during the last quarter. Rhumbline Advisers grew its stake in InterDigital by 0.9% in the 4th quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock worth $14,646,000 after buying an additional 646 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock worth $129,000 after buying an additional 617 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of InterDigital by 29.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock valued at $378,000 after buying an additional 441 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of InterDigital by 57.0% during the 4th quarter. KBC Group NV now owns 958 shares of the Wireless communications provider's stock worth $186,000 after acquiring an additional 348 shares during the last quarter. Institutional investors own 99.83% of the company's stock.
Insiders Place Their Bets
In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value 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 approximately $15,615,836.48. This represents 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 InterDigital stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total transaction of $388,258.00. Following the sale, the insider now directly owns 24,395 shares in the company, valued at $5,318,110. The trade was a 6.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,181 shares of company stock valued at $667,635 in the last ninety days. Company insiders own 2.80% of the company's stock.
InterDigital Price Performance
IDCC traded up $0.65 during trading on Monday, reaching $227.96. The stock had a trading volume of 244,993 shares, compared to its average volume of 387,035. The business has a 50-day moving average of $206.82 and a 200-day moving average of $201.65. InterDigital, Inc. has a one year low of $114.42 and a one year high of $231.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $5.91 billion, a PE ratio of 18.93, a PEG ratio of 1.57 and a beta of 1.37.
About InterDigital
(
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.
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