QP Wealth Management LLC Takes $551,000 Position in InterDigital, Inc. $IDCC

QP Wealth Management LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,732 shares of the Wireless communications provider’s stock, valued at approximately $551,000.

Several other hedge funds also recently made changes to their positions in IDCC. Twin Peaks Wealth Advisors LLC purchased a new stake in InterDigital during the 2nd quarter valued at $28,000. Root Financial Partners LLC purchased a new position in shares of InterDigital in the third quarter valued at about $30,000. Aster Capital Management DIFC Ltd raised its stake in shares of InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 71 shares during the last quarter. Spire Wealth Management bought a new position in shares of InterDigital during the third quarter valued at about $49,000. Finally, Country Trust Bank purchased a new stake in shares of InterDigital during the second quarter worth about $56,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other InterDigital news, CEO Lawrence Liren Chen sold 5,958 shares of the 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 owned 153,077 shares in the company, valued at approximately $50,151,086.74. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joshua D. Schmidt sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total value of $2,089,260.00. Following the transaction, the insider directly owned 25,889 shares of the company’s stock, valued at $9,014,808.69. This represents a 18.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 50,054 shares of company stock worth $16,777,327. 2.80% of the stock is owned by corporate insiders.

InterDigital Stock Performance

InterDigital stock opened at $325.69 on Friday. InterDigital, Inc. has a fifty-two week low of $180.60 and a fifty-two week high of $412.60. The stock’s 50 day simple moving average is $347.88 and its two-hundred day simple moving average is $345.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 27.30 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.47. The firm had revenue of $158.23 million during 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 business’s revenue was down 37.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group set a $425.00 target price on InterDigital in a research note on Monday, December 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, InterDigital presently has an average rating of “Moderate Buy” and an average price target of $416.67.

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.