Teza Capital Management LLC Decreases Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Teza Capital Management LLC cut its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,881 shares of the Wireless communications provider's stock after selling 4,705 shares during the quarter. Teza Capital Management LLC's holdings in InterDigital were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IDCC. Russell Investments Group Ltd. lifted its stake in shares of InterDigital by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock valued at $568,000 after buying an additional 51 shares in the last quarter. One Wealth Advisors LLC lifted its stake in shares of InterDigital by 1.8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider's stock valued at $697,000 after buying an additional 64 shares in the last quarter. Savant Capital LLC lifted its stake in shares of InterDigital by 2.8% in the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock valued at $461,000 after buying an additional 64 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of InterDigital by 3.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock valued at $513,000 after buying an additional 83 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of InterDigital by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock valued at $2,383,000 after buying an additional 100 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of the firm's 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 sale, the chief technology officer now owns 71,606 shares in the company, valued at approximately $15,615,836.48. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total transaction of $388,258.00. Following 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 disclosure for this sale can be found here. Insiders sold a total of 3,181 shares of company stock worth $667,635 over the last quarter. Insiders own 2.80% of the company's stock.

InterDigital Stock Down 0.1%

Shares of InterDigital stock traded down $0.25 during trading hours on Friday, reaching $212.26. The company's stock had a trading volume of 168,201 shares, compared to its average volume of 392,277. InterDigital, Inc. has a one year low of $110.49 and a one year high of $231.97. The company has a market capitalization of $5.51 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.57 and a beta of 1.35. The stock's fifty day simple moving average is $206.45 and its two-hundred day simple moving average is $199.11. 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 Company 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.