Vest Financial LLC Makes New $4.41 Million Investment in InterDigital, Inc. (NASDAQ:IDCC)

Vest Financial LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Amundi grew its holdings in InterDigital by 57.0% during the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock worth $3,989,000 after acquiring an additional 7,586 shares in the last quarter. Rhumbline Advisers grew its stake in shares of InterDigital by 0.9% during the fourth quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock worth $14,646,000 after purchasing an additional 646 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake 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 worth $129,000 after purchasing an additional 617 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in InterDigital by 4.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider's stock valued at $808,000 after buying an additional 160 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of InterDigital by 29.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock worth $378,000 after acquiring an additional 441 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction dated 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 directly owns 78,161 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction that occurred 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 transaction, the insider now owns 24,395 shares in the company, valued at $5,318,110. This trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

InterDigital Stock Down 2.8%

IDCC traded down $6.32 on Tuesday, reaching $221.64. The company's stock had a trading volume of 247,616 shares, compared to its average volume of 385,389. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a fifty-two week low of $114.42 and a fifty-two 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 stock has a 50 day moving average of $207.68 and a two-hundred day moving average of $202.05.

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.