InterDigital, Inc. (NASDAQ:IDCC) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,538 shares of the Wireless communications provider's stock after acquiring an additional 28,313 shares during the quarter. Northern Trust Corp owned approximately 1.15% of InterDigital worth $56,477,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Boston Partners boosted its stake in InterDigital by 5.5% during the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider's stock worth $311,654,000 after purchasing an additional 83,794 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in InterDigital by 3.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock worth $118,722,000 after purchasing an additional 21,319 shares during the last quarter. Geode Capital Management LLC boosted its stake in InterDigital by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider's stock worth $115,240,000 after purchasing an additional 1,991 shares during the last quarter. Reinhart Partners LLC. boosted its stake 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 purchasing an additional 164,223 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in InterDigital by 4.7% during the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock worth $63,511,000 after purchasing an additional 14,809 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total transaction of $126,721.00. Following the completion of the sale, the chief technology officer now owns 78,161 shares of the company's stock, valued at $14,149,485.83. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eeva K. Hakoranta sold 350 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the sale, the insider now directly owns 30,537 shares of the company's stock, valued at approximately $6,550,491.87. This trade represents a 1.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,133 shares of company stock valued at $2,809,160 over the last quarter. 2.80% of the stock is owned by insiders.

InterDigital Trading Up 1.7%

Shares of IDCC stock traded up $3.70 on Tuesday, hitting $221.24. 42,061 shares of the stock traded hands, compared to its average volume of 398,603. The firm's 50-day moving average price is $206.01 and its two-hundred day moving average price is $195.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $5.74 billion, a PE ratio of 18.38, a PEG ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a twelve month low of $105.28 and a twelve month high of $231.97.

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.