Derek K. Aberle Sells 692 Shares of InterDigital, Inc. (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) Director Derek K. Aberle sold 692 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.41, for a total value of $156,675.72. Following the completion of the transaction, the director now owns 6,192 shares in the company, valued at $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

InterDigital Stock Performance

NASDAQ:IDCC opened at $221.64 on Wednesday. The stock has a 50-day moving average price of $207.68 and a 200 day moving average price of $202.05. The stock has a market capitalization of $5.75 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.57 and a beta of 1.37. InterDigital, Inc. has a 12-month low of $114.42 and a 12-month high of $231.97. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On InterDigital

A number of hedge funds and other institutional investors have recently modified their holdings of IDCC. Global Retirement Partners LLC increased its holdings in InterDigital by 504.5% in the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 111 shares during the last quarter. Elequin Capital LP purchased a new position in shares of InterDigital during the fourth quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of InterDigital in the first quarter worth about $32,000. Banque Transatlantique SA purchased a new stake in shares of InterDigital in the first quarter worth about $33,000. Finally, Headlands Technologies LLC purchased a new stake in shares of InterDigital in the first quarter worth about $35,000. Institutional investors own 99.83% of the company’s stock.

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.