3,118 Shares in InterDigital, Inc. $IDCC Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,118 shares of the Wireless communications provider’s stock, valued at approximately $942,000.

Several other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in shares of InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after buying an additional 854,845 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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. Invesco Ltd. boosted its holdings in shares of InterDigital by 24.8% in the fourth 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 in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of InterDigital by 1.3% in the fourth quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock valued at $132,973,000 after acquiring an additional 5,293 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of InterDigital during the fourth quarter valued at approximately $128,918,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $416.67.

InterDigital Price Performance

NASDAQ:IDCC opened at $260.20 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $269.06 and its 200 day moving average price is $311.40. InterDigital, Inc. has a 52-week low of $221.31 and a 52-week high of $412.60. The firm has a market cap of $6.72 billion, a P/E ratio of 24.50 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same period in the prior year, the company earned $3.45 EPS. InterDigital’s revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, sell-side analysts predict 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. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.1%. InterDigital’s dividend payout ratio is currently 26.37%.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were 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 approximately $19,441,136. This trade represents a 2.16% decrease in their ownership of the stock. The sale 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 transaction of $100,973.60. Following the completion of the transaction, the director owned 16,359 shares in the company, valued at approximately $4,525,553.76. This trade represents a 2.18% 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. Over the last quarter, insiders sold 5,872 shares of company stock valued at $1,654,159. Corporate insiders own 3.50% of the company’s stock.

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.