Reinhart Partners LLC. grew its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 13.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 410,442 shares of the Wireless communications provider's stock after purchasing an additional 50,204 shares during the quarter. InterDigital comprises about 3.1% of Reinhart Partners LLC.'s holdings, making the stock its 8th biggest holding. Reinhart Partners LLC. owned about 1.60% of InterDigital worth $84,859,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Amundi lifted its stake in shares of InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock worth $3,989,000 after purchasing an additional 7,586 shares during the period. Rhumbline Advisers raised its holdings in shares of InterDigital by 0.9% in the fourth quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock valued at $14,646,000 after acquiring an additional 646 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of InterDigital by 1,209.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock valued at $129,000 after buying an additional 617 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of InterDigital by 29.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock valued at $378,000 after acquiring an additional 441 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in InterDigital in the 4th quarter worth approximately $446,000. 99.83% of the stock is currently owned by institutional investors.
InterDigital Stock Performance
Shares of NASDAQ IDCC traded up $0.80 during midday trading on Friday, reaching $227.31. 240,021 shares of the stock were exchanged, compared to its average volume of 387,606. InterDigital, Inc. has a twelve month low of $114.42 and a twelve month high of $231.97. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.57 and a beta of 1.37. 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 50-day simple moving average of $206.82 and a two-hundred day simple moving average of $201.65.
Insider Buying and Selling at InterDigital
In other 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated 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 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. In the last 90 days, insiders have sold 3,181 shares of company stock worth $667,635. Corporate insiders own 2.80% of the company's stock.
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.
Read More
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
