InterDigital, Inc. (NASDAQ:IDCC) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 339,101 shares of the Wireless communications provider’s stock after acquiring an additional 16,040 shares during the quarter. Congress Asset Management Co. owned 1.32% of InterDigital worth $70,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Boston Partners increased its stake in shares of InterDigital by 5.5% in the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock worth $311,654,000 after acquiring an additional 83,794 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of InterDigital by 3.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider’s stock worth $118,722,000 after acquiring an additional 21,319 shares during the period. Geode Capital Management LLC increased its stake in shares of InterDigital by 0.3% in 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 period. Reinhart Partners LLC. increased its stake in shares of InterDigital by 13.9% in the first quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider’s stock worth $84,859,000 after acquiring an additional 50,204 shares during the period. Finally, Invesco Ltd. increased its stake in shares of InterDigital by 4.7% in the fourth quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider’s stock worth $63,511,000 after acquiring an additional 14,809 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Activity at InterDigital

In other news, insider Joshua D. Schmidt sold 1,781 shares of InterDigital stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $218.00, for a total value of $388,258.00. Following the sale, the insider now owns 24,395 shares in the company, valued at $5,318,110. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Rajesh Pankaj sold 700 shares of InterDigital stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $218.08, for a total transaction of $152,656.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,181 shares of company stock worth $667,635. 2.80% of the stock is owned by company insiders.

InterDigital Stock Up 0.4%

NASDAQ:IDCC opened at $227.31 on Friday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 18.88, a PEG ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 1-year low of $114.42 and a 1-year high of $231.97. The company’s fifty day moving average price is $206.82 and its 200-day moving average price is $201.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70.

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.