Jefferies Financial Group Inc. Acquires New Stake in InterDigital, Inc. (NASDAQ:IDCC)

Jefferies Financial Group Inc. bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,863 shares of the Wireless communications provider's stock, valued at approximately $1,136,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in InterDigital during the fourth quarter valued at about $39,000. R Squared Ltd bought a new stake in InterDigital during the fourth quarter worth about $70,000. Transce3nd LLC purchased a new position in shares of InterDigital in the 4th quarter worth about $110,000. Finally, Smartleaf Asset Management LLC increased its position in shares of InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider's stock valued at $121,000 after purchasing an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Trading Up 0.1%

InterDigital stock traded up $0.17 during mid-day trading on Tuesday, hitting $217.53. The company's stock had a trading volume of 27,637 shares, compared to its average volume of 393,635. The business has a 50 day moving average price of $206.63 and a 200-day moving average price of $198.11. 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 12 month low of $109.11 and a 12 month high of $231.97. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35.

Insider Buying and Selling 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 shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the sale, the chief technology officer now directly owns 78,161 shares in the company, valued at $14,149,485.83. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joshua D. Schmidt sold 1,781 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the sale, the insider now directly owns 24,395 shares in the company, valued at approximately $5,318,110. The trade was a 6.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,181 shares of company stock valued at $667,635 in the last 90 days. 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.