Prospect Capital Advisors LLC Sells 6,690 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Prospect Capital Advisors LLC lessened its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,010 shares of the Wireless communications provider's stock after selling 6,690 shares during the period. InterDigital accounts for 6.5% of Prospect Capital Advisors LLC's holdings, making the stock its 3rd biggest holding. Prospect Capital Advisors LLC owned about 0.23% of InterDigital worth $11,238,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Congress Asset Management Co. acquired a new position in InterDigital during the 4th quarter worth approximately $62,583,000. Price T Rowe Associates Inc. MD raised its position in shares of InterDigital by 1,451.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider's stock valued at $57,986,000 after purchasing an additional 280,030 shares during the period. Millennium Management LLC lifted its holdings in InterDigital by 3,962.5% during the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock worth $24,947,000 after purchasing an additional 125,610 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in InterDigital in the 4th quarter worth approximately $19,572,000. Finally, Norges Bank bought a new position in InterDigital in the 4th quarter worth about $17,387,000. 99.83% of the stock is owned by institutional investors.

InterDigital Price Performance

NASDAQ:IDCC traded down $0.65 during mid-day trading on Tuesday, reaching $216.72. The stock had a trading volume of 45,097 shares, compared to its average volume of 374,194. 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 $5.62 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.57 and a beta of 1.35. The firm has a 50 day moving average price of $206.63 and a two-hundred day moving average price of $198.11. InterDigital, Inc. has a one year low of $109.24 and a one year high of $231.96.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction on Wednesday, March 19th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the transaction, the chief technology officer now owns 78,161 shares of the company's stock, valued at approximately $14,149,485.83. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,181 shares of company stock valued at $667,635 over the last ninety days. 2.80% of the stock is 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.