Jane Street Group LLC Sells 1,494,215 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Jane Street Group LLC reduced its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 97.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,422 shares of the Wireless communications provider's stock after selling 1,494,215 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of InterDigital worth $6,087,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IDCC. Flagship Harbor Advisors LLC bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $338,000. Reinhart Partners LLC. lifted its position in InterDigital by 83.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider's stock worth $69,785,000 after buying an additional 164,223 shares in the last quarter. Amundi grew its holdings in 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 acquiring an additional 7,586 shares during the last quarter. J2 Capital Management Inc acquired a new stake in InterDigital in the 4th quarter valued at about $477,000. Finally, Ritholtz Wealth Management raised its stake in shares of InterDigital by 13.2% in the fourth quarter. Ritholtz Wealth Management now owns 27,527 shares of the Wireless communications provider's stock worth $5,332,000 after acquiring an additional 3,205 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $218.08, for a total transaction of $152,656.00. Following the transaction, the chief technology officer now owns 71,606 shares in the company, valued at $15,615,836.48. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares of the company's stock, valued at $22,070,861.55. This represents a 8.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,133 shares of company stock worth $2,809,160 over the last ninety days. Company insiders own 2.80% of the company's stock.

InterDigital Price Performance

Shares of InterDigital stock traded up $5.27 during midday trading on Thursday, reaching $221.94. The company had a trading volume of 81,273 shares, compared to its average volume of 396,899. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $206.30 and a 200 day simple moving average of $196.11. InterDigital, Inc. has a 1-year low of $106.96 and a 1-year high of $231.97. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

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.