InterDigital, Inc. (NASDAQ:IDCC) Stake Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,173 shares of the Wireless communications provider’s stock after buying an additional 160 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in InterDigital were worth $808,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Amundi grew its stake in InterDigital by 57.0% during the 4th quarter. Amundi now owns 20,897 shares of the Wireless communications provider’s stock worth $3,989,000 after buying an additional 7,586 shares during the last quarter. Rhumbline Advisers grew its stake in shares of InterDigital by 0.9% in the fourth quarter. Rhumbline Advisers now owns 75,604 shares of the Wireless communications provider’s stock worth $14,646,000 after purchasing an additional 646 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of InterDigital by 1,209.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 668 shares of the Wireless communications provider’s stock worth $129,000 after purchasing an additional 617 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of InterDigital by 29.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,948 shares of the Wireless communications provider’s stock worth $378,000 after purchasing an additional 441 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of InterDigital in the fourth quarter worth $446,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Trading Up 0.3%

NASDAQ:IDCC opened at $227.96 on Tuesday. InterDigital, Inc. has a 1 year low of $114.42 and a 1 year high of $231.97. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.57 and a beta of 1.37. The business has a fifty day moving average of $207.21 and a 200-day moving average of $201.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 1.70.

Insider Activity

In other news, insider Joshua D. Schmidt sold 1,781 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $218.00, for a total value of $388,258.00. Following the completion of the sale, the insider now owns 24,395 shares in the company, valued at $5,318,110. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $218.08, for a total value of $152,656.00. Following the completion of the sale, the chief technology officer now owns 71,606 shares of the company’s stock, valued at approximately $15,615,836.48. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,181 shares of company stock worth $667,635 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

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.