InterDigital, Inc. (NASDAQ:IDCC) Director John A. Kritzmacher Sells 519 Shares

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) Director John A. Kritzmacher sold 519 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the sale, the director now owns 19,774 shares in the company, valued at approximately $4,481,777.10. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

InterDigital Trading Up 0.6%

NASDAQ:IDCC traded up $1.30 during mid-day trading on Thursday, reaching $223.24. The company's 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 company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The company's fifty day simple moving average is $208.29 and its two-hundred day simple moving average is $202.19. The stock has a market cap of $5.79 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.57 and a beta of 1.37.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its holdings in shares of InterDigital by 29.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider's stock worth $378,000 after purchasing an additional 441 shares during the period. Apollon Wealth Management LLC raised its position in shares of InterDigital by 14.9% in the 4th quarter. Apollon Wealth Management LLC now owns 2,498 shares of the Wireless communications provider's stock valued at $484,000 after purchasing an additional 323 shares in the last quarter. Savant Capital LLC boosted its stake in InterDigital by 2.8% during the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider's stock valued at $461,000 after acquiring an additional 64 shares during the last quarter. Leavell Investment Management Inc. grew its holdings in InterDigital by 9.1% during the 4th quarter. Leavell Investment Management Inc. now owns 1,784 shares of the Wireless communications provider's stock worth $346,000 after acquiring an additional 149 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of InterDigital by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider's stock worth $2,383,000 after purchasing an additional 100 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

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.