Crestline Management LP Takes $956,000 Position in InterDigital, Inc. (NASDAQ:IDCC)

Crestline Management LP acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,933 shares of the Wireless communications provider’s stock, valued at approximately $956,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its holdings in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in InterDigital during the fourth quarter worth about $39,000. Mendota Financial Group LLC boosted its holdings in shares of InterDigital by 14,500.0% in the 4th quarter. Mendota Financial Group LLC now owns 292 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 290 shares in the last quarter. R Squared Ltd bought a new position in shares of InterDigital during the 4th quarter valued at about $70,000. Finally, Transce3nd LLC bought a new stake in InterDigital in the 4th quarter worth approximately $110,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the 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 transaction, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $126,721.00. Following the sale, the chief technology officer now owns 78,161 shares in the company, valued at approximately $14,149,485.83. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,133 shares of company stock valued at $2,809,160 over the last three months. 2.30% of the stock is owned by company insiders.

InterDigital Trading Down 0.0 %

Shares of IDCC opened at $211.96 on Friday. InterDigital, Inc. has a fifty-two week low of $105.28 and a fifty-two week high of $231.97. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.57 and a beta of 1.35. The firm has a 50 day moving average price of $205.75 and a 200-day moving average price of $194.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.

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.