Twinbeech Capital LP Buys 18,841 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Twinbeech Capital LP boosted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 243.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,571 shares of the Wireless communications provider's stock after purchasing an additional 18,841 shares during the period. Twinbeech Capital LP owned approximately 0.10% of InterDigital worth $5,147,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IDCC. Boston Partners grew its position in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after purchasing an additional 83,794 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in InterDigital by 3.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after acquiring an additional 21,319 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of InterDigital by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock worth $115,240,000 after buying an additional 1,991 shares during the last quarter. Invesco Ltd. lifted its stake in shares of InterDigital by 4.7% in the fourth quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock valued at $63,511,000 after buying an additional 14,809 shares during the period. Finally, Congress Asset Management Co. bought a new stake in InterDigital in the 4th quarter valued at $62,583,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Price Performance

IDCC traded down $0.25 during midday trading on Monday, reaching $212.26. 168,201 shares of the company's stock were exchanged, 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 firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The business has a 50-day simple moving average of $206.45 and a two-hundred day simple moving average of $199.25. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the sale, the chief technology officer now owns 78,161 shares of the company's stock, valued at $14,149,485.83. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joshua D. Schmidt sold 1,781 shares of the company's 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 transaction, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. The trade was a 6.80% decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 2.80% of the company's stock.

About InterDigital

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.