OMERS ADMINISTRATION Corp Trims Holdings in InterDigital, Inc. (NASDAQ:IDCC)

OMERS ADMINISTRATION Corp reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 49.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the Wireless communications provider's stock after selling 7,200 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in InterDigital were worth $1,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new stake in InterDigital during the fourth quarter worth about $338,000. Amundi increased its stake in shares of 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 purchasing an additional 7,586 shares during the last quarter. J2 Capital Management Inc bought a new stake in shares of InterDigital in the 4th quarter worth approximately $477,000. Ritholtz Wealth Management lifted its stake in InterDigital by 13.2% in the fourth quarter. Ritholtz Wealth Management now owns 27,527 shares of the Wireless communications provider's stock valued at $5,332,000 after purchasing an additional 3,205 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in InterDigital by 0.9% during the fourth 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 period. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

Shares of IDCC stock traded down $1.33 on Monday, hitting $217.36. 178,813 shares of the stock were exchanged, compared to its average volume of 395,091. The firm's 50 day moving average is $206.54 and its two-hundred day moving average is $197.74. InterDigital, Inc. has a one year low of $109.11 and a one year high of $231.97. The firm has a market capitalization of $5.64 billion, a PE ratio of 18.05, a P/E/G ratio of 1.57 and a beta of 1.35. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the transaction, the chief technology officer now owns 78,161 shares in the company, valued at $14,149,485.83. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 24,395 shares in the company, valued at $5,318,110. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,133 shares of company stock valued at $2,809,160 over the last three months. Company insiders own 2.80% 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.