InterDigital, Inc. $IDCC Shares Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC raised its position in InterDigital, Inc. (NASDAQ:IDCCFree Report) by 236.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,950 shares of the Wireless communications provider’s stock after purchasing an additional 2,072 shares during the quarter. Gallacher Capital Management LLC’s holdings in InterDigital were worth $891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in InterDigital in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in InterDigital during the first quarter valued at approximately $30,000. Leonteq Securities AG purchased a new stake in InterDigital during the fourth quarter worth approximately $35,000. Financial Consulate Inc. purchased a new stake in InterDigital during the fourth quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. increased its position in shares of InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 522 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $144,406.08. Following the transaction, the director owned 7,620 shares of the company’s stock, valued at $2,107,996.80. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 that occurred 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 completion of the transaction, the director owned 16,359 shares of the company’s stock, valued at approximately $4,525,553.76. The trade was a 2.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,872 shares of company stock valued at $1,654,159. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, InterDigital has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Check Out Our Latest Report on IDCC

InterDigital Stock Performance

InterDigital stock opened at $265.59 on Friday. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week 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. The stock has a market cap of $6.86 billion, a P/E ratio of 25.01 and a beta of 1.42. The stock has a 50 day moving average of $270.49 and a 200-day moving average of $314.90.

InterDigital (NASDAQ:IDCCGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

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.

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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