21,350 Shares in InterDigital, Inc. (NASDAQ:IDCC) Acquired by Vest Financial LLC

Vest Financial LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 21,350 shares of the Wireless communications provider's stock, valued at approximately $4,414,000. Vest Financial LLC owned approximately 0.08% of InterDigital as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in 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. Savant Capital LLC boosted its position in 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. boosted its position in 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. Louisiana State Employees Retirement System boosted its position in 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. Finally, Global Retirement Partners LLC boosted its position in InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock valued at $26,000 after buying an additional 111 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the company'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 transaction of $126,721.00. Following the transaction, the chief technology officer now directly owns 78,161 shares in the company, valued at approximately $14,149,485.83. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 $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.

InterDigital Price Performance

NASDAQ:IDCC traded up $0.80 on Friday, reaching $227.31. The stock had a trading volume of 240,021 shares, compared to its average volume of 387,606. The company has a market capitalization of $5.90 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 1-year low of $114.42 and a 1-year 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 stock has a fifty day moving average price of $206.82 and a 200-day moving average price of $201.65.

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.