InterDigital, Inc. (NASDAQ:IDCC) Director Sells $156,675.72 in Stock

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) Director Derek K. Aberle sold 692 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the transaction, the director now owns 6,192 shares in the company, valued at approximately $1,401,930.72. This trade represents a 10.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

InterDigital Stock Performance

InterDigital stock traded up $1.30 during trading hours on Thursday, hitting $223.24. 47,061 shares of the stock traded hands, compared to its average volume of 383,985. The firm's 50 day moving average price is $208.29 and its 200-day moving average price is $202.19. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 1 year low of $114.56 and a 1 year high of $231.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi boosted its holdings in InterDigital by 57.0% during the fourth quarter. Amundi now owns 20,897 shares of the Wireless communications provider's stock worth $3,989,000 after buying an additional 7,586 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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 worth $808,000 after acquiring an additional 160 shares during the last quarter. Rhumbline Advisers increased its position 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 holdings 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 buying an additional 617 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in InterDigital by 29.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock valued at $378,000 after acquiring an additional 441 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.