Foster & Motley Inc. purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,037 shares of the Wireless communications provider’s stock, valued at approximately $860,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of InterDigital by 62.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after buying an additional 854,845 shares during the last quarter. Geode Capital Management LLC grew its stake in InterDigital by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after acquiring an additional 123,686 shares during the period. Reinhart Partners LLC. grew its stake in InterDigital by 9.0% in the 2nd quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock worth $130,359,000 after acquiring an additional 38,115 shares during the period. Invesco Ltd. raised its holdings in InterDigital by 24.8% in the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after acquiring an additional 89,647 shares during the last quarter. Finally, Norges Bank acquired a new position in InterDigital in the 4th quarter valued at $128,918,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other InterDigital news, Director John A. Kritzmacher sold 365 shares of InterDigital stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the transaction, the director owned 16,359 shares of the company’s stock, valued at $4,525,553.76. The trade was a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total value of $487,320.00. Following the completion of the transaction, the chief technology officer owned 66,516 shares in the company, valued at $21,609,718.08. This represents a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is owned by corporate insiders.
InterDigital Price Performance
InterDigital (NASDAQ:IDCC – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the prior year, the business earned $6.52 earnings per share. InterDigital’s quarterly 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. Equities analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.
InterDigital Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital’s payout ratio is presently 32.30%.
Analyst Upgrades and Downgrades
IDCC has been the topic of several analyst reports. Weiss Ratings cut InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $416.67.
View Our Latest Research Report on IDCC
InterDigital Company 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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