Boston Trust Walden Corp decreased its holdings in InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 43.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,203 shares of the Wireless communications provider’s stock after selling 61,012 shares during the quarter. Boston Trust Walden Corp’s holdings in InterDigital were worth $23,617,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Amundi lifted its holdings in shares of InterDigital by 0.3% in the 4th quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock valued at $3,210,000 after buying an additional 30 shares during the period. Keybank National Association OH boosted its position in shares of InterDigital by 4.5% during the 1st quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock worth $213,000 after purchasing an additional 30 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of InterDigital by 2.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after purchasing an additional 39 shares in the last quarter. MGO One Seven LLC boosted its holdings in 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 buying an additional 41 shares in the last quarter. Finally, Abel Hall LLC grew its position in InterDigital by 5.0% during the fourth quarter. Abel Hall LLC now owns 879 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 42 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Finally, Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.
Insider Transactions at InterDigital
In other news, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $313.30, for a total value of $469,950.00. Following the sale, the chief technology officer directly owned 72,449 shares in the company, valued at approximately $22,698,271.70. This represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the transaction, the director owned 16,359 shares of the company’s stock, valued at $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,872 shares of company stock valued at $1,695,109 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.
InterDigital Price Performance
IDCC stock opened at $281.40 on Friday. The firm has a market cap of $7.27 billion, a PE ratio of 26.50 and a beta of 1.42. The company has a fifty day simple moving average of $280.81 and a 200 day simple moving average of $319.04. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. 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 (NASDAQ:IDCC – Get Free Report) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The firm had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Sell-side analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.
InterDigital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 8th. InterDigital’s dividend payout ratio is presently 26.37%.
InterDigital Profile
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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