Prospect Capital Advisors LLC Sells 6,690 Shares of InterDigital, Inc. (NASDAQ:IDCC)

Prospect Capital Advisors LLC trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,010 shares of the Wireless communications provider’s stock after selling 6,690 shares during the quarter. InterDigital accounts for 6.5% of Prospect Capital Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Prospect Capital Advisors LLC owned 0.23% of InterDigital worth $11,238,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Boston Partners raised its position in shares of InterDigital by 5.5% during the fourth quarter. Boston Partners now owns 1,619,545 shares of the Wireless communications provider’s stock worth $311,654,000 after purchasing an additional 83,794 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in InterDigital by 3.6% during 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 buying an additional 21,319 shares in the last quarter. Geode Capital Management LLC grew its holdings in InterDigital by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 594,745 shares of the Wireless communications provider’s stock worth $115,240,000 after buying an additional 1,991 shares in the last quarter. Invesco Ltd. grew its holdings in InterDigital by 4.7% during the fourth quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider’s stock worth $63,511,000 after buying an additional 14,809 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in InterDigital during the fourth quarter worth $62,583,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Down 2.6%

Shares of NASDAQ:IDCC opened at $216.67 on Thursday. The company has a market capitalization of $5.62 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.70. The business has a fifty day moving average price of $206.30 and a two-hundred day moving average price of $196.11. InterDigital, Inc. has a 1 year low of $106.96 and a 1 year high of $231.97.

Insider Buying and Selling at InterDigital

In other InterDigital news, CFO Richard Brezski sold 9,602 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $215.21, for a total value of $2,066,446.42. Following the completion of the transaction, the chief financial officer now owns 102,555 shares in the company, valued at $22,070,861.55. This represents a 8.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Rajesh Pankaj sold 700 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the transaction, the chief technology officer now owns 78,161 shares of the company’s stock, valued at $14,149,485.83. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,133 shares of company stock worth $2,809,160 in the last quarter. 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.