Ameriprise Financial Inc. Has $54.88 Million Stock Holdings in InterDigital, Inc. (NASDAQ:IDCC)

Ameriprise Financial Inc. trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 283,283 shares of the Wireless communications provider’s stock after selling 789 shares during the period. Ameriprise Financial Inc.’s holdings in InterDigital were worth $54,882,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IDCC. Flagship Harbor Advisors LLC bought a new stake in InterDigital in the fourth quarter valued at $338,000. Reinhart Partners LLC. grew its holdings in shares of InterDigital by 83.8% in the 4th quarter. Reinhart Partners LLC. now owns 360,238 shares of the Wireless communications provider’s stock worth $69,785,000 after purchasing an additional 164,223 shares during the last quarter. Amundi increased its position in shares of 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 purchasing an additional 7,586 shares in the last quarter. J2 Capital Management Inc bought a new position in InterDigital during the 4th quarter valued at about $477,000. Finally, Ritholtz Wealth Management boosted its position in InterDigital by 13.2% in the fourth quarter. Ritholtz Wealth Management now owns 27,527 shares of the Wireless communications provider’s stock valued at $5,332,000 after buying an additional 3,205 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Performance

NASDAQ IDCC opened at $211.96 on Friday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.57 and a beta of 1.35. 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, Inc. has a 1-year low of $105.28 and a 1-year high of $231.97. The company has a 50 day moving average of $205.75 and a 200-day moving average of $194.96.

Insider Activity at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 1,781 shares of the firm’s 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 completion of the sale, the insider now owns 24,395 shares in the company, valued at approximately $5,318,110. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Brezski sold 9,602 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total transaction of $2,066,446.42. Following the completion of the transaction, the chief financial officer now directly owns 102,555 shares of the company’s stock, valued at approximately $22,070,861.55. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,133 shares of company stock valued at $2,809,160 in the last three months. Corporate insiders own 2.30% of the company’s stock.

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.