Empirical Asset Management LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,011 shares of the Wireless communications provider’s stock, valued at approximately $569,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital during the fourth quarter valued at about $26,000. Anchor Investment Management LLC bought a new position in shares of InterDigital in the first quarter valued at approximately $30,000. Leonteq Securities AG bought a new position in shares of InterDigital in the fourth quarter valued at approximately $35,000. Hantz Financial Services Inc. grew its stake in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in InterDigital during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Insider Activity
In other news, Director John A. Kritzmacher sold 365 shares of the stock in a transaction dated 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 sale, the director directly owned 16,359 shares in the company, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the sale, the director directly owned 4,608 shares in the company, valued at $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. 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 quarter, insiders sold 7,672 shares of company stock valued at $2,240,797. 3.50% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Analysis on IDCC
InterDigital Trading Down 3.6%
IDCC stock opened at $335.77 on Wednesday. The company has a market capitalization of $8.67 billion, a PE ratio of 38.73 and a beta of 1.43. InterDigital, Inc. has a one year low of $249.14 and a one year high of $412.60. The company’s 50 day moving average price is $289.72 and its two-hundred day moving average price is $312.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74.
InterDigital (NASDAQ:IDCC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $143.10 million. During the same quarter in the prior year, the company earned $6.52 EPS. The firm’s revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, analysts predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.
InterDigital Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio is 32.30%.
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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