BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 90.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,182 shares of the Wireless communications provider’s stock after selling 51,915 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in InterDigital were worth $1,565,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Amundi boosted its stake in InterDigital by 0.3% in the fourth quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock valued at $3,210,000 after acquiring an additional 30 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of InterDigital by 2.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock worth $623,000 after purchasing an additional 39 shares in the last quarter. MGO One Seven LLC increased its position in shares of InterDigital by 5.2% during the fourth quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock worth $266,000 after purchasing an additional 41 shares in the last quarter. Abel Hall LLC boosted its holdings in InterDigital by 5.0% in the fourth quarter. Abel Hall LLC now owns 879 shares of the Wireless communications provider’s stock worth $280,000 after acquiring an additional 42 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of InterDigital by 3.6% during the fourth quarter. Blue Trust Inc. now owns 1,437 shares of the Wireless communications provider’s stock worth $458,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on IDCC shares. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.
InterDigital Stock Down 1.8%
NASDAQ:IDCC opened at $274.05 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The company’s fifty day moving average price is $293.44 and its 200-day moving average price is $322.66. InterDigital, Inc. has a 1-year low of $213.06 and a 1-year high of $412.60. The firm has a market capitalization of $7.08 billion, a P/E ratio of 25.81 and a beta of 1.43.
InterDigital (NASDAQ:IDCC – Get Free Report) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. 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 firm posted $3.45 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. 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 anticipate that InterDigital, Inc. will post 7.41 EPS for the current year.
InterDigital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 26.37%.
Insider Activity
In related news, Director Samir Armaly sold 470 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $130,020.80. Following the sale, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of InterDigital stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the transaction, the director directly owned 16,359 shares of the company’s stock, valued at $4,525,553.76. The trade was a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,872 shares of company stock valued at $1,695,109 in the last three months. Corporate insiders own 3.50% of the company’s stock.
About InterDigital
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.
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