Permit Capital LLC Trims Holdings in InterDigital, Inc. $IDCC

Permit Capital LLC lowered its position in InterDigital, Inc. (NASDAQ:IDCC) by 17.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,672 shares of the Wireless communications provider’s stock after selling 8,917 shares during the quarter. InterDigital accounts for approximately 4.5% of Permit Capital LLC’s investment portfolio, making the stock its 4th largest position. Permit Capital LLC owned approximately 0.16% of InterDigital worth $14,386,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IDCC. Norges Bank acquired a new position in InterDigital in the 2nd quarter valued at approximately $71,200,000. Wedge Capital Management L L P NC acquired a new position in shares of InterDigital during the third quarter worth $67,282,000. Empowered Funds LLC grew its stake in shares of InterDigital by 303.1% in the second quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock worth $32,156,000 after purchasing an additional 107,828 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in InterDigital by 36.8% in the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after purchasing an additional 83,221 shares during the period. Finally, Loomis Sayles & Co. L P bought a new position in InterDigital during the 2nd quarter worth $13,591,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John A. Kritzmacher sold 1,250 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total transaction of $413,750.00. Following the transaction, the director owned 15,815 shares in the company, valued at approximately $5,234,765. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Brezski sold 6,981 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $330.49, for a total transaction of $2,307,150.69. Following the transaction, the chief financial officer directly owned 83,374 shares in the company, valued at $27,554,273.26. This trade represents a 7.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,837 shares of company stock valued at $14,595,823 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

InterDigital Stock Up 3.3%

Shares of NASDAQ:IDCC opened at $362.96 on Wednesday. InterDigital, Inc. has a 1 year low of $180.60 and a 1 year high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The business’s 50-day moving average is $333.76 and its 200-day moving average is $334.16. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 30.42 and a beta of 1.58.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business had revenue of $158.23 million during the quarter, compared to analysts’ expectations of $155.57 million. During the same quarter last year, the firm posted $5.15 earnings per share. The firm’s revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Equities research analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, January 14th. InterDigital’s payout ratio is presently 23.47%.

Analysts Set New Price Targets

A number of research firms have commented on IDCC. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. UBS Group set a $425.00 price objective on InterDigital in a research report on Monday, December 1st. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Finally, Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the stock a “buy” rating in a report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

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.