ProShare Advisors LLC Has $1.86 Million Position in InterDigital, Inc. (NASDAQ:IDCC)

ProShare Advisors LLC increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,619 shares of the Wireless communications provider's stock after buying an additional 1,669 shares during the quarter. ProShare Advisors LLC's holdings in InterDigital were worth $1,863,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in 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 in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of InterDigital in the 4th quarter valued at $39,000. R Squared Ltd acquired a new stake in shares of InterDigital in the 4th quarter valued at $70,000. Transce3nd LLC acquired a new stake in shares of InterDigital in the 4th quarter valued at $110,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of InterDigital by 468.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock valued at $121,000 after purchasing an additional 511 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Trading Down 0.7%

Shares of IDCC stock opened at $215.80 on Wednesday. The stock's fifty day moving average price is $206.78 and its two-hundred day moving average price is $198.23. The company has a market cap of $5.60 billion, a PE ratio of 17.92, a P/E/G ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a fifty-two week low of $109.24 and a fifty-two week 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.

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the transaction, the chief technology officer now directly owns 78,161 shares of the company's stock, valued at $14,149,485.83. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was 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 represents 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 sold 3,181 shares of company stock worth $667,635. Insiders own 2.80% of the company's stock.

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.

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