Vident Advisory LLC Has $5.95 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Vident Advisory LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,736 shares of the Wireless communications provider's stock after selling 4,972 shares during the period. Vident Advisory LLC owned about 0.12% of InterDigital worth $5,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in IDCC. Flagship Harbor Advisors LLC bought a new position in InterDigital in the 4th quarter valued at approximately $338,000. Amundi lifted its stake in InterDigital by 57.0% in the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock valued at $3,989,000 after purchasing an additional 7,586 shares during the last quarter. Rhumbline Advisers lifted its stake in InterDigital by 0.9% in the 4th quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider's stock valued at $14,646,000 after purchasing an additional 646 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in InterDigital by 1,209.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider's stock valued at $129,000 after purchasing an additional 617 shares during the last quarter. Finally, KBC Group NV lifted its stake in InterDigital by 57.0% in the 4th quarter. KBC Group NV now owns 958 shares of the Wireless communications provider's stock valued at $186,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction 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 transaction, the chief technology officer now owns 71,606 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 24,395 shares of the company's stock, valued at $5,318,110. The trade was 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 valued at $667,635 in the last quarter. Insiders own 2.80% of the company's stock.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $217.36 on Tuesday. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.57 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a 50 day simple moving average of $206.63 and a 200 day simple moving average of $198.11. InterDigital, Inc. has a one year low of $109.11 and a one year high of $231.97.

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.

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