InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by USA Financial Formulas

USA Financial Formulas lowered its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 17.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 560 shares of the Wireless communications provider’s stock after selling 116 shares during the period. USA Financial Formulas’ holdings in InterDigital were worth $116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in InterDigital by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock worth $568,000 after acquiring an additional 51 shares during the last quarter. Savant Capital LLC raised its position in InterDigital by 2.8% during the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock worth $461,000 after acquiring an additional 64 shares during the last quarter. Summit Investment Advisors Inc. raised its position in InterDigital by 3.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock worth $513,000 after acquiring an additional 83 shares during the last quarter. Louisiana State Employees Retirement System raised its position in InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock worth $2,383,000 after acquiring an additional 100 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in InterDigital by 504.5% during the fourth 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. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In other news, Director Samir Armaly sold 779 shares of InterDigital stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the completion of the sale, the director now directly owns 3,128 shares in the company, valued at $708,554.56. The trade was a 19.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Derek K. Aberle sold 692 shares of InterDigital stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.41, for a total transaction of $156,675.72. Following the sale, the director now owns 6,192 shares of the company’s stock, valued at approximately $1,401,930.72. This trade represents a 10.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,777 shares of company stock worth $1,255,642 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

Shares of IDCC opened at $221.94 on Thursday. The stock has a market cap of $5.76 billion, a P/E ratio of 18.43, a PEG ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 12-month low of $114.56 and a 12-month high of $231.97. 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 company has a 50-day moving average of $208.29 and a two-hundred day moving average of $202.19.

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.