Ashford Capital Management Inc. lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 89.5% during the 1st quarter, HoldingsChannel reports. The fund owned 55,724 shares of the Wireless communications provider’s stock after acquiring an additional 26,316 shares during the quarter. InterDigital accounts for approximately 2.1% of Ashford Capital Management Inc.’s holdings, making the stock its 19th largest position. Ashford Capital Management Inc.’s holdings in InterDigital were worth $16,829,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Keybank National Association OH boosted its holdings in InterDigital by 4.5% in the 1st quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock valued at $213,000 after purchasing an additional 30 shares during the period. Amundi increased its holdings in shares of InterDigital by 0.3% during the fourth quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock worth $3,210,000 after purchasing an additional 30 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of InterDigital by 2.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after buying an additional 39 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of InterDigital by 5.2% in the fourth quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock valued at $266,000 after buying an additional 41 shares during the period. Finally, J2 Capital Management Inc boosted its stake in shares of InterDigital by 3.0% in the first quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock valued at $438,000 after buying an additional 42 shares during the period. 99.83% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.
InterDigital Trading Up 0.4%
Shares of InterDigital stock opened at $259.26 on Tuesday. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 24.41 and a beta of 1.42. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The firm’s 50-day moving average price is $269.15 and its two-hundred day moving average price is $311.75.
InterDigital (NASDAQ:IDCC – Get Free Report) last issued its quarterly 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 company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.
InterDigital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.
Insider Transactions at InterDigital
In related news, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $286.00, for a total transaction of $429,000.00. Following the completion of the sale, the chief technology officer directly owned 67,976 shares in the company, valued at $19,441,136. This represents a 2.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of InterDigital stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the transaction, the director owned 7,620 shares in the company, valued at approximately $2,107,996.80. This represents a 6.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,872 shares of company stock worth $1,654,159. 3.50% of the stock is owned by insiders.
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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