Passumpsic Savings Bank Invests $2.39 Million in InterDigital, Inc. $IDCC

Passumpsic Savings Bank purchased a new position in InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 7,520 shares of the Wireless communications provider’s stock, valued at approximately $2,394,000.

Other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of InterDigital in the 3rd quarter worth approximately $30,000. Aster Capital Management DIFC Ltd boosted its position in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 71 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of InterDigital in the 4th quarter worth approximately $41,000. Legacy Wealth Managment LLC ID lifted its position in InterDigital by 5,500.0% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 224 shares of the Wireless communications provider’s stock valued at $71,000 after acquiring an additional 220 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in InterDigital by 47.9% in the 2nd quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock valued at $56,000 after acquiring an additional 81 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on IDCC. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Finally, Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, InterDigital presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Stock Performance

IDCC stock opened at $260.37 on Monday. The stock has a market capitalization of $6.73 billion, a PE ratio of 24.52 and a beta of 1.50. InterDigital, Inc. has a 12-month low of $205.78 and a 12-month high of $412.60. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $330.15 and its 200 day simple moving average is $340.35.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data 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 business had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior 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. As a group, research analysts forecast that InterDigital, Inc. will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s payout ratio is currently 26.37%.

Insiders Place Their Bets

In other InterDigital news, insider Joshua D. Schmidt sold 6,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 25,889 shares in the company, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00. Following the sale, the chief technology officer owned 72,449 shares of the company’s stock, valued at approximately $22,698,271.70. This represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 8,967 shares of company stock valued at $3,098,167. Company insiders own 2.30% 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.