Graham Capital Management L.P. Sells 2,020 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Graham Capital Management L.P. decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the Wireless communications provider's stock after selling 2,020 shares during the period. Graham Capital Management L.P.'s holdings in InterDigital were worth $1,162,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ensign Peak Advisors Inc raised its position in InterDigital by 34.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 16,054 shares of the Wireless communications provider's stock valued at $3,110,000 after purchasing an additional 4,090 shares in the last quarter. Deutsche Bank AG raised its position in InterDigital by 40.9% during the fourth quarter. Deutsche Bank AG now owns 29,668 shares of the Wireless communications provider's stock valued at $5,747,000 after purchasing an additional 8,616 shares in the last quarter. Crestline Management LP purchased a new stake in InterDigital during the fourth quarter valued at about $956,000. Cetera Investment Advisers raised its position in InterDigital by 20.2% during the fourth quarter. Cetera Investment Advisers now owns 2,902 shares of the Wireless communications provider's stock valued at $562,000 after purchasing an additional 487 shares in the last quarter. Finally, Bridgefront Capital LLC raised its position in InterDigital by 23.4% during the fourth quarter. Bridgefront Capital LLC now owns 4,429 shares of the Wireless communications provider's stock valued at $858,000 after purchasing an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Trading Up 1.1%

Shares of IDCC traded up $2.46 during trading hours on Friday, hitting $218.69. The company had a trading volume of 228,776 shares, compared to its average volume of 395,960. The firm has a market cap of $5.67 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.57 and a beta of 1.35. The stock's 50 day moving average price is $206.54 and its 200 day moving average price is $197.74. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 52-week low of $109.11 and a 52-week high of $231.97.

Insider Transactions at InterDigital

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the sale, the chief financial officer now directly owns 102,555 shares of the company's stock, valued at approximately $22,070,861.55. The trade was a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eeva K. Hakoranta sold 350 shares of InterDigital stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,133 shares of company stock worth $2,809,160. Company insiders own 2.80% of the company's stock.

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.