Oak Family Advisors LLC Sells 3,360 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Oak Family Advisors LLC lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 24.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,608 shares of the Wireless communications provider’s stock after selling 3,360 shares during the quarter. Oak Family Advisors LLC’s holdings in InterDigital were worth $2,193,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Congress Asset Management Co. bought a new stake in InterDigital during the fourth quarter valued at about $62,583,000. GAMMA Investing LLC increased its holdings in shares of InterDigital by 31,724.6% in the 1st quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider’s stock worth $619,810,000 after buying an additional 298,846 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of InterDigital by 1,451.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider’s stock valued at $57,986,000 after purchasing an additional 280,030 shares during the last quarter. Millennium Management LLC grew its holdings in InterDigital by 3,962.5% during the 4th quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider’s stock valued at $24,947,000 after purchasing an additional 125,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in InterDigital in the fourth quarter worth $19,572,000. Institutional investors own 99.83% of the company’s stock.

Insider Activity

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

InterDigital Stock Performance

Shares of InterDigital stock opened at $227.96 on Tuesday. The stock’s fifty day moving average price is $207.21 and its 200-day moving average price is $201.91. InterDigital, Inc. has a 12 month low of $114.42 and a 12 month high of $231.97. The firm has a market cap of $5.91 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.57 and a beta of 1.37. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

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.