InterDigital, Inc. (NASDAQ:IDCC) Shares Sold by Bokf Na

Bokf Na cut its position in InterDigital, Inc. (NASDAQ:IDCC) by 20.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,152 shares of the Wireless communications provider’s stock after selling 1,073 shares during the period. Bokf Na’s holdings in InterDigital were worth $769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bridgefront Capital LLC lifted its position in shares of InterDigital by 23.4% during the fourth quarter. Bridgefront Capital LLC now owns 4,429 shares of the Wireless communications provider’s stock worth $858,000 after purchasing an additional 840 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of InterDigital by 1.2% in the fourth quarter. Captrust Financial Advisors now owns 14,036 shares of the Wireless communications provider’s stock worth $2,719,000 after acquiring an additional 160 shares in the last quarter. Caxton Associates LP increased its position in shares of InterDigital by 393.8% during the fourth quarter. Caxton Associates LP now owns 10,917 shares of the Wireless communications provider’s stock worth $2,115,000 after acquiring an additional 8,706 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of InterDigital by 332.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 65,502 shares of the Wireless communications provider’s stock valued at $12,689,000 after acquiring an additional 50,371 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in InterDigital by 8.3% in the fourth quarter. Baird Financial Group Inc. now owns 130,951 shares of the Wireless communications provider’s stock valued at $25,368,000 after purchasing an additional 10,006 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 700 shares of the business’s stock in a transaction 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 completion of the transaction, the chief technology officer now owns 78,161 shares in the company, valued at approximately $14,149,485.83. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard Brezski sold 9,602 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now directly owns 102,555 shares in the company, valued at $22,070,861.55. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,133 shares of company stock valued at $2,809,160. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $211.96 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The stock’s 50-day moving average is $205.75 and its two-hundred day moving average is $194.65. InterDigital, Inc. has a 1-year low of $105.28 and a 1-year high of $231.97.

InterDigital Company 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.