Captrust Financial Advisors Buys 160 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Captrust Financial Advisors lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,036 shares of the Wireless communications provider’s stock after buying an additional 160 shares during the period. Captrust Financial Advisors’ holdings in InterDigital were worth $2,719,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Boston Partners raised its position in InterDigital by 5.5% in the 4th quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock worth $311,654,000 after purchasing an additional 83,794 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of InterDigital by 3.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider’s stock valued at $118,722,000 after buying an additional 21,319 shares during the period. Geode Capital Management LLC raised its position in shares of InterDigital by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider’s stock worth $115,240,000 after acquiring an additional 1,991 shares during the last quarter. Reinhart Partners LLC. lifted its stake in shares of InterDigital by 83.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock valued at $69,785,000 after acquiring an additional 164,223 shares during the period. Finally, Invesco Ltd. boosted its holdings in InterDigital by 4.7% in the fourth quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider’s stock valued at $63,511,000 after acquiring an additional 14,809 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total transaction of $75,078.50. Following the completion of the transaction, the insider now directly owns 30,537 shares in the company, valued at approximately $6,550,491.87. The trade was a 1.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer now owns 78,161 shares of the company’s stock, valued at approximately $14,149,485.83. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,133 shares of company stock valued at $2,809,160. 2.80% of the stock is currently owned by insiders.

InterDigital Price Performance

Shares of IDCC stock opened at $211.96 on Monday. 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. InterDigital, Inc. has a 12 month low of $105.28 and a 12 month high of $231.97. 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 stock has a 50-day moving average price of $205.75 and a 200 day moving average price of $195.29.

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.