Stifel Financial Corp Increases Position in InterDigital, Inc. (NASDAQ:IDCC)

Stifel Financial Corp lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 312.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,005 shares of the Wireless communications provider's stock after acquiring an additional 5,306 shares during the period. Stifel Financial Corp's holdings in InterDigital were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Global Retirement Partners LLC raised its position in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 111 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of InterDigital during the fourth quarter valued at approximately $39,000. Mendota Financial Group LLC boosted its stake in InterDigital by 14,500.0% in the fourth quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 290 shares in the last quarter. R Squared Ltd acquired a new stake in shares of InterDigital in the 4th quarter worth $70,000. Finally, Transce3nd LLC acquired a new stake in shares of InterDigital in the 4th quarter worth $110,000. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Up 1.7%

Shares of InterDigital stock traded up $3.70 during trading on Tuesday, reaching $221.24. The company's stock had a trading volume of 42,061 shares, compared to its average volume of 398,603. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a 1-year low of $105.28 and a 1-year high of $231.97. The company has a 50-day simple moving average of $206.01 and a two-hundred day simple moving average of $195.78.

Insider Transactions at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the sale, the chief financial officer now owns 102,555 shares of the company's stock, valued at $22,070,861.55. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the sale, the insider now directly owns 24,395 shares of the company's stock, valued at approximately $5,318,110. This represents a 6.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,133 shares of company stock valued at $2,809,160 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

InterDigital 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.