Centiva Capital LP Sells 7,114 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Centiva Capital LP decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 65.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,696 shares of the Wireless communications provider’s stock after selling 7,114 shares during the quarter. Centiva Capital LP’s holdings in InterDigital were worth $716,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in IDCC. Russell Investments Group Ltd. grew its stake in shares of InterDigital by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock valued at $568,000 after buying an additional 51 shares in the last quarter. One Wealth Advisors LLC lifted its stake in InterDigital by 1.8% in the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after acquiring an additional 64 shares during the last quarter. Savant Capital LLC grew its position in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after acquiring an additional 64 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of InterDigital by 3.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock worth $513,000 after purchasing an additional 83 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of InterDigital by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after purchasing an additional 100 shares during the period. Institutional investors own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In other news, CFO Richard Brezski sold 9,602 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the sale, the chief financial officer now owns 102,555 shares in the company, valued at approximately $22,070,861.55. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were 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 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. In the last three months, insiders sold 13,133 shares of company stock worth $2,809,160. 2.30% of the stock is owned by company insiders.

InterDigital Trading Down 0.3 %

InterDigital stock opened at $211.97 on Friday. The stock has a 50-day simple moving average of $205.61 and a 200 day simple moving average of $194.24. The stock has a market capitalization of $5.50 billion, a P/E ratio of 17.61, a PEG ratio of 1.57 and a beta of 1.35. 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 $105.28 and a 52 week high of $231.97.

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.