InterDigital, Inc. $IDCC Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 74.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,359 shares of the Wireless communications provider’s stock after selling 52,908 shares during the period. Intech Investment Management LLC’s holdings in InterDigital were worth $6,338,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in InterDigital by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock valued at $148,103,000 after acquiring an additional 12,223 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of InterDigital by 0.7% during the third quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock worth $142,360,000 after purchasing an additional 3,030 shares during the period. Congress Asset Management Co. grew its position in InterDigital by 2.7% during the third quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock valued at $121,872,000 after purchasing an additional 9,265 shares in the last quarter. Norges Bank purchased a new position in InterDigital during the second quarter valued at approximately $71,200,000. Finally, Ameriprise Financial Inc. increased its stake in InterDigital by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after buying an additional 83,221 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

NASDAQ IDCC opened at $366.53 on Friday. The company has a market cap of $9.42 billion, a P/E ratio of 30.72 and a beta of 1.58. The company has a fifty day simple moving average of $336.52 and a 200 day simple moving average of $335.45. InterDigital, Inc. has a 1 year low of $180.60 and a 1 year high of $412.60. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01.

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

InterDigital Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Roth Mkm restated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. UBS Group set a $425.00 price objective on InterDigital in a research report on Monday, December 1st. Wall Street Zen downgraded InterDigital from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Finally, Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $416.67.

Insider Activity at InterDigital

In other InterDigital news, CFO Richard Brezski sold 6,981 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $330.49, for a total value of $2,307,150.69. Following the completion of the transaction, the chief financial officer owned 83,374 shares of the company’s stock, valued at $27,554,273.26. This represents a 7.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lawrence Liren Chen sold 5,958 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $327.62, for a total value of $1,951,959.96. Following the completion of the transaction, the chief executive officer directly owned 153,077 shares of the company’s stock, valued at approximately $50,151,086.74. This trade represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 43,837 shares of company stock worth $14,595,823 over the last three months. Company insiders own 2.80% 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.