Deutsche Bank AG Grows Stake in InterDigital, Inc. (NASDAQ:IDCC)

Deutsche Bank AG raised its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 40.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,668 shares of the Wireless communications provider’s stock after purchasing an additional 8,616 shares during the period. Deutsche Bank AG’s holdings in InterDigital were worth $5,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in IDCC. Russell Investments Group Ltd. increased its holdings in shares of InterDigital by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock valued at $568,000 after acquiring an additional 51 shares during the period. One Wealth Advisors LLC boosted its position in InterDigital by 1.8% during the fourth quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock valued at $697,000 after purchasing an additional 64 shares in the last quarter. Savant Capital LLC grew its stake in InterDigital by 2.8% in the fourth quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock valued at $461,000 after purchasing an additional 64 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in InterDigital by 3.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider’s stock worth $513,000 after purchasing an additional 83 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of InterDigital by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock valued at $2,383,000 after buying an additional 100 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Up 1.1%

Shares of InterDigital stock opened at $218.69 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.67 billion, a P/E ratio of 18.16, a PEG ratio of 1.57 and a beta of 1.35. The firm’s 50 day moving average price is $206.54 and its 200-day moving average price is $197.74. InterDigital, Inc. has a 52-week low of $109.11 and a 52-week high of $231.97.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 700 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $181.03, for a total value of $126,721.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eeva K. Hakoranta sold 350 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $214.51, for a total value of $75,078.50. Following the transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,133 shares of company stock valued at $2,809,160. 2.80% of the stock is currently owned by insiders.

InterDigital Company 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.