Northern Trust Corp Increases Position in InterDigital, Inc. (NASDAQ:IDCC)

Northern Trust Corp lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 291,538 shares of the Wireless communications provider's stock after buying an additional 28,313 shares during the quarter. Northern Trust Corp owned approximately 1.15% of InterDigital worth $56,477,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of InterDigital by 504.5% in the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 111 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in InterDigital in the 4th quarter worth $39,000. Mendota Financial Group LLC boosted its holdings in shares of InterDigital by 14,500.0% during the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 290 shares during the last quarter. R Squared Ltd purchased a new position in shares of InterDigital during the fourth quarter valued at about $70,000. Finally, Transce3nd LLC bought a new stake in shares of InterDigital in the fourth quarter worth about $110,000. Institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

Shares of InterDigital stock opened at $212.34 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 12 month low of $104.52 and a 12 month high of $231.97. The stock has a 50 day moving average of $205.54 and a 200 day moving average of $193.85. The firm has a market cap of $5.51 billion, a PE ratio of 17.64, a PEG ratio of 1.57 and a beta of 1.35.

Insider Activity

In related news, CTO Rajesh Pankaj sold 700 shares of the company's stock in a transaction 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 sale, the chief technology officer now owns 71,606 shares of the company's stock, valued at $15,615,836.48. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joshua D. Schmidt sold 1,781 shares of InterDigital 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 of the company's stock, valued at $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. In the last ninety days, insiders sold 13,133 shares of company stock worth $2,809,160. 2.30% of the stock is currently owned by insiders.

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.

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