OMERS ADMINISTRATION Corp Sells 7,200 Shares of InterDigital, Inc. (NASDAQ:IDCC)

OMERS ADMINISTRATION Corp decreased its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 49.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,500 shares of the Wireless communications provider's stock after selling 7,200 shares during the period. OMERS ADMINISTRATION Corp's holdings in InterDigital were worth $1,453,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. NDVR Inc. boosted its holdings in InterDigital by 5.0% in the 4th quarter. NDVR Inc. now owns 2,544 shares of the Wireless communications provider's stock worth $493,000 after buying an additional 120 shares during the period. Millennium Management LLC lifted its holdings in InterDigital by 3,962.5% during the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock worth $24,947,000 after purchasing an additional 125,610 shares in the last quarter. Janus Henderson Group PLC grew its holdings in InterDigital by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 12,214 shares of the Wireless communications provider's stock valued at $2,367,000 after buying an additional 1,360 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of InterDigital in the fourth quarter valued at approximately $1,136,000. Finally, Ensign Peak Advisors Inc grew its stake 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 acquiring an additional 4,090 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

NASDAQ:IDCC traded up $0.88 during trading hours on Wednesday, hitting $216.68. The stock had a trading volume of 45,905 shares, compared to its average volume of 393,104. The company has a 50 day simple moving average of $206.78 and a two-hundred day simple moving average of $198.23. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 18.03, a P/E/G 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. InterDigital, Inc. has a one year low of $109.24 and a one year high of $231.97.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 71,606 shares in the company, valued at $15,615,836.48. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total transaction of $388,258.00. Following the completion of the transaction, the insider now directly owns 24,395 shares in the company, 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 have sold a total of 3,181 shares of company stock valued at $667,635 in the last 90 days. Corporate 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.