149 Shares in InterDigital, Inc. (NASDAQ:IDCC) Acquired by Elequin Capital LP

Elequin Capital LP bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 149 shares of the Wireless communications provider’s stock, valued at approximately $29,000.

Several other large investors have also recently bought and sold shares of IDCC. Congress Asset Management Co. acquired a new position in shares of InterDigital in the 4th quarter valued at $62,583,000. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 280,030 shares during the period. Millennium Management LLC raised its position in shares of InterDigital by 3,962.5% during the fourth 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 during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of InterDigital during the fourth quarter worth about $19,572,000. Finally, Norges Bank bought a new position in shares of InterDigital during the 4th quarter valued at about $17,387,000. Institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling

In other news, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer now owns 78,161 shares in the company, valued at $14,149,485.83. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 transaction of $388,258.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,181 shares of company stock worth $667,635. 2.80% of the stock is owned by corporate insiders.

InterDigital Price Performance

NASDAQ IDCC opened at $214.48 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70. InterDigital, Inc. has a 52-week low of $109.24 and a 52-week high of $231.97. The business has a 50 day simple moving average of $206.73 and a 200 day simple moving average of $198.34. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.57 and a beta of 1.35.

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.