InterDigital, Inc. (NASDAQ:IDCC) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 138.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,910 shares of the Wireless communications provider's stock after acquiring an additional 17,379 shares during the quarter. Two Sigma Advisers LP owned 0.12% of InterDigital worth $5,794,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its stake in InterDigital by 187.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,388 shares of the Wireless communications provider's stock worth $1,819,000 after purchasing an additional 6,127 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of InterDigital in the 4th quarter valued at $338,000. Blue Trust Inc. lifted its stake in InterDigital by 57.2% during the 4th quarter. Blue Trust Inc. now owns 1,847 shares of the Wireless communications provider's stock worth $358,000 after acquiring an additional 672 shares in the last quarter. KBC Group NV lifted its stake in InterDigital by 57.0% during the 4th quarter. KBC Group NV now owns 958 shares of the Wireless communications provider's stock worth $186,000 after acquiring an additional 348 shares in the last quarter. Finally, R Squared Ltd purchased a new position in InterDigital during the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Trading Up 0.9%

NASDAQ:IDCC traded up $1.84 on Wednesday, reaching $213.30. 170,046 shares of the company's stock were exchanged, compared to its average volume of 390,784. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a 52-week low of $110.49 and a 52-week high of $231.97. 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 business has a fifty day moving average of $206.13 and a 200-day moving average of $199.54.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of the business'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 transaction, the insider now owns 24,395 shares in the company, valued at $5,318,110. The trade was a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction that occurred 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 directly owns 71,606 shares in the company, valued at approximately $15,615,836.48. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,181 shares of company stock valued at $667,635 in the last three months. 2.80% of the stock is owned by corporate insiders.

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.