Jean F. Rankin Sells 606 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) Director Jean F. Rankin sold 606 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the transaction, the director now owns 27,353 shares of the company's stock, valued at approximately $6,194,633.91. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

InterDigital Stock Up 0.6%

NASDAQ:IDCC traded up $1.30 during mid-day trading on Thursday, hitting $223.24. The stock had a trading volume of 47,061 shares, compared to its average volume of 383,985. InterDigital, Inc. has a twelve month low of $114.56 and a twelve month high of $231.97. The stock has a 50-day simple moving average of $208.29 and a two-hundred day simple moving average of $202.19. The company has a market capitalization of $5.79 billion, a PE ratio of 18.54, a PEG ratio of 1.57 and a beta of 1.37. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On InterDigital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in shares of InterDigital by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock worth $568,000 after buying an additional 51 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of InterDigital by 3.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider's stock worth $396,000 after buying an additional 59 shares during the last quarter. Leavell Investment Management Inc. increased its holdings in shares of InterDigital by 3.4% in the first quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider's stock valued at $381,000 after purchasing an additional 60 shares during the period. Savant Capital LLC increased its stake in InterDigital by 2.8% in the 4th 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 during the period. Finally, Flagship Harbor Advisors LLC raised its holdings in InterDigital by 4.3% during the first quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider's stock worth $377,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Company 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.