Global Retirement Partners LLC Buys 4,027 Shares of InterDigital, Inc. $IDCC

Global Retirement Partners LLC raised its stake in InterDigital, Inc. (NASDAQ:IDCCFree Report) by 1,677.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,267 shares of the Wireless communications provider’s stock after purchasing an additional 4,027 shares during the quarter. Global Retirement Partners LLC’s holdings in InterDigital were worth $1,358,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of IDCC. M&T Bank Corp grew its stake in InterDigital by 14,563.6% in the fourth quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after purchasing an additional 108,499 shares in the last quarter. Ameriprise Financial Inc. grew its stake in InterDigital by 36.8% in the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after purchasing an additional 83,221 shares in the last quarter. 1900 Wealth Management LLC bought a new position in InterDigital in the fourth quarter valued at approximately $14,339,000. TD Asset Management Inc bought a new position in InterDigital in the third quarter valued at approximately $14,625,000. Finally, Invesco Ltd. grew its stake in InterDigital by 12.6% in the third quarter. Invesco Ltd. now owns 361,216 shares of the Wireless communications provider’s stock valued at $124,703,000 after purchasing an additional 40,335 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IDCC. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research note on Friday, May 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Get Our Latest Research Report on IDCC

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $260.98 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12 month low of $205.78 and a 12 month high of $412.60. The stock has a 50 day moving average of $320.24 and a 200-day moving average of $336.21. The company has a market capitalization of $6.75 billion, a P/E ratio of 24.57 and a beta of 1.50.

InterDigital (NASDAQ:IDCCGet Free Report) last issued its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same period in the previous year, the company posted $3.45 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, equities research analysts predict that InterDigital, Inc. will post 7.59 EPS for the current year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 8th. InterDigital’s payout ratio is currently 26.37%.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares in the company, valued at approximately $22,698,271.70. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the transaction, the insider owned 25,889 shares of the company’s stock, valued at $9,014,808.69. This represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,967 shares of company stock valued at $3,098,167 over the last quarter. 2.80% of the stock is currently owned by corporate insiders.

InterDigital Profile

(Free Report)

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.

See Also

Want to see what other hedge funds are holding IDCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterDigital, Inc. (NASDAQ:IDCCFree Report).

Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

Receive News & Ratings for InterDigital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterDigital and related companies with MarketBeat.com's FREE daily email newsletter.