Segall Bryant & Hamill LLC Decreases Stock Position in InterDigital, Inc. $IDCC

Segall Bryant & Hamill LLC trimmed its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 23.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,310 shares of the Wireless communications provider’s stock after selling 6,141 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.08% of InterDigital worth $7,012,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IDCC. Geode Capital Management LLC boosted 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 worth $148,103,000 after purchasing an additional 12,223 shares during the last quarter. Reinhart Partners LLC. raised its position in shares of InterDigital by 0.7% in the third quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock valued at $142,360,000 after buying an additional 3,030 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of InterDigital by 2.7% in the third quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock worth $121,872,000 after buying an additional 9,265 shares in the last quarter. Norges Bank acquired a new position in InterDigital during the second quarter worth about $71,200,000. Finally, Ameriprise Financial Inc. boosted its position in InterDigital by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after acquiring an additional 83,221 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insiders Place Their Bets

In other InterDigital news, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the completion of the sale, the chief executive officer directly owned 153,077 shares in the company, valued at $50,151,086.74. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Kritzmacher sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total transaction of $413,750.00. Following the completion of the sale, the director directly owned 15,815 shares in the company, valued at $5,234,765. This trade represents a 7.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 44,304 shares of company stock valued at $14,766,679 over the last 90 days. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

IDCC has been the subject of a number of recent research reports. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Wall Street Zen cut InterDigital from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. UBS Group set a $425.00 price objective on InterDigital in a research report on Monday, December 1st. Finally, Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Price Performance

IDCC stock opened at $373.31 on Thursday. InterDigital, Inc. has a 52-week low of $180.60 and a 52-week high of $412.60. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 31.29 and a beta of 1.57. The business has a fifty day moving average of $339.22 and a two-hundred day moving average of $338.04.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was down 37.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

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.