O Shaughnessy Asset Management LLC decreased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,565 shares of the Wireless communications provider’s stock after selling 4,579 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in InterDigital were worth $17,054,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pictet Asset Management Holding SA boosted its holdings in shares of InterDigital by 293.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after buying an additional 10,515 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of InterDigital by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after buying an additional 6,494 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in shares of InterDigital during the 4th quarter worth about $1,852,000. Inceptionr LLC bought a new stake in shares of InterDigital during the 3rd quarter worth about $1,101,000. Finally, Bernardo Wealth Planning LLC bought a new stake in shares of InterDigital during the 4th quarter worth about $1,230,000. Institutional investors own 99.83% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on IDCC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Finally, Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, InterDigital has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.
Insider Buying and Selling
In related news, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the transaction, the insider directly owned 25,889 shares in the company, valued at $9,014,808.69. This represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $469,950.00. Following the transaction, the chief technology officer owned 72,449 shares of the company’s stock, valued at approximately $22,698,271.70. This represents a 2.03% 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. Over the last quarter, insiders have sold 8,250 shares of company stock valued at $2,752,995. 2.30% of the stock is owned by corporate insiders.
InterDigital Price Performance
Shares of NASDAQ:IDCC opened at $257.11 on Wednesday. The firm has a 50 day moving average of $302.20 and a 200-day moving average of $327.57. The stock has a market capitalization of $6.64 billion, a PE ratio of 24.21 and a beta of 1.43. 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, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60.
InterDigital (NASDAQ:IDCC – Get Free Report) last issued its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.54 by $0.03. The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, equities research analysts predict that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.
InterDigital Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, April 8th. InterDigital’s dividend payout ratio is currently 26.37%.
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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