1,221 Shares in InterDigital, Inc. (NASDAQ:IDCC) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,221 shares of the Wireless communications provider's stock, valued at approximately $237,000.

Other large investors also recently modified their holdings of the company. NDVR Inc. boosted its stake in shares of InterDigital by 5.0% during 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 in the last quarter. Millennium Management LLC grew its holdings in InterDigital by 3,962.5% during the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock worth $24,947,000 after acquiring an additional 125,610 shares during the last quarter. Janus Henderson Group PLC increased its position in InterDigital by 12.5% in the 4th quarter. Janus Henderson Group PLC now owns 12,214 shares of the Wireless communications provider's stock valued at $2,367,000 after acquiring an additional 1,360 shares during the period. Jefferies Financial Group Inc. acquired a new position in InterDigital in the 4th quarter valued at approximately $1,136,000. Finally, Ensign Peak Advisors Inc increased its position in InterDigital by 34.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 16,054 shares of the Wireless communications provider's stock valued at $3,110,000 after acquiring an additional 4,090 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Insider Activity at InterDigital

In other news, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 24,395 shares of the company's stock, valued at $5,318,110. This trade represents a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital 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 sale, the chief technology officer now owns 71,606 shares of the company's stock, valued at $15,615,836.48. This represents a 0.97% decrease in their position. 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 quarter. Company insiders own 2.80% of the company's stock.

InterDigital Trading Up 0.7%

Shares of NASDAQ:IDCC traded up $1.57 during mid-day trading on Friday, reaching $215.76. 327,682 shares of the company's stock were exchanged, compared to its average volume of 389,148. 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 twelve month low of $113.75 and a twelve month high of $231.97. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.57 and a beta of 1.35. The business's fifty day moving average price is $205.70 and its 200-day moving average price is $200.11.

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.