Vanguard Group Inc. Sells 160,840 Shares of InterDigital, Inc. $IDCC

Vanguard Group Inc. lowered its holdings in InterDigital, Inc. (NASDAQ:IDCCFree Report) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,165,273 shares of the Wireless communications provider’s stock after selling 160,840 shares during the quarter. Vanguard Group Inc. owned about 0.12% of InterDigital worth $1,007,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp raised its position in shares of InterDigital by 14,563.6% in the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after buying an additional 108,499 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of InterDigital by 1.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,770 shares of the Wireless communications provider’s stock valued at $3,747,000 after buying an additional 172 shares in the last quarter. Seeds Investor LLC acquired a new position in shares of InterDigital in the 4th quarter valued at approximately $355,000. Chicago Capital LLC acquired a new position in shares of InterDigital in the 4th quarter valued at approximately $220,000. Finally, CWM LLC raised its position in shares of InterDigital by 72.4% in the 4th quarter. CWM LLC now owns 2,697 shares of the Wireless communications provider’s stock valued at $859,000 after buying an additional 1,133 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the sale, the insider directly owned 25,889 shares in the company, valued at $9,014,808.69. This trade represents a 18.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Brezski sold 2,000 shares of InterDigital stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total transaction of $704,480.00. Following the sale, the chief financial officer owned 70,404 shares in the company, valued at approximately $24,799,104.96. This represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,997 shares of company stock worth $6,672,454 in the last ninety days. Insiders own 2.80% of the company’s stock.

InterDigital Trading Down 2.0%

Shares of InterDigital stock opened at $290.50 on Friday. The firm has a market capitalization of $7.51 billion, a PE ratio of 24.35 and a beta of 1.50. The company has a current ratio of 1.88, a quick ratio of 1.84 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $347.23 and its 200 day moving average is $346.72. InterDigital, Inc. has a 1 year low of $202.82 and a 1 year high of $412.60.

InterDigital (NASDAQ:IDCCGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.03. The company had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts forecast that InterDigital, Inc. will post 7.71 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. InterDigital’s payout ratio is 23.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IDCC. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Finally, Roth Mkm restated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

View Our Latest Research Report on IDCC

Key Headlines Impacting InterDigital

Here are the key news stories impacting InterDigital this week:

About InterDigital

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for InterDigital (NASDAQ:IDCC)

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