State of Wyoming Decreases Position in InterDigital, Inc. (NASDAQ:IDCC)

State of Wyoming decreased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,526 shares of the Wireless communications provider’s stock after selling 265 shares during the period. State of Wyoming’s holdings in InterDigital were worth $1,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC raised its stake in InterDigital by 504.5% during the fourth quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 111 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in InterDigital during the fourth quarter valued at approximately $39,000. R Squared Ltd acquired a new stake in InterDigital during the fourth quarter valued at approximately $70,000. Transce3nd LLC acquired a new stake in InterDigital during the fourth quarter valued at approximately $110,000. Finally, Smartleaf Asset Management LLC raised its position in shares of InterDigital by 468.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the Wireless communications provider’s stock worth $121,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 1.1%

Shares of InterDigital stock opened at $218.69 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $206.54 and its 200-day simple moving average is $197.42. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.57 and a beta of 1.35. InterDigital, Inc. has a twelve month low of $109.11 and a twelve month high of $231.97.

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 700 shares of the 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 transaction, the chief technology officer now directly owns 78,161 shares of the company’s stock, valued at approximately $14,149,485.83. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now directly owns 30,537 shares of the company’s stock, valued at approximately $6,550,491.87. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,133 shares of company stock worth $2,809,160 in the last three months. 2.80% of the stock is owned by company 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.