New York Life Investment Management LLC Purchases New Position in InterDigital, Inc. $IDCC

New York Life Investment Management LLC purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,371 shares of the Wireless communications provider’s stock, valued at approximately $755,000.

A number of other institutional investors also recently modified their holdings of the business. Kestra Private Wealth Services LLC lifted its stake in shares of InterDigital by 2.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after buying an additional 39 shares in the last quarter. MGO One Seven LLC lifted its stake in shares of InterDigital by 5.2% during the 4th quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock valued at $266,000 after buying an additional 41 shares in the last quarter. Archer Investment Corp lifted its stake in shares of InterDigital by 4.3% during the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock valued at $386,000 after buying an additional 46 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of InterDigital by 3.6% during the 4th quarter. Blue Trust Inc. now owns 1,437 shares of the Wireless communications provider’s stock valued at $458,000 after buying an additional 50 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in InterDigital by 1.6% during the 4th quarter. Diversify Advisory Services LLC now owns 3,264 shares of the Wireless communications provider’s stock worth $1,008,000 after acquiring an additional 52 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

InterDigital Stock Performance

InterDigital stock opened at $264.79 on Wednesday. The firm’s 50 day simple moving average is $326.31 and its 200 day simple moving average is $338.75. 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 firm has a market capitalization of $6.84 billion, a PE ratio of 24.93 and a beta of 1.50. InterDigital, Inc. has a 1-year low of $205.78 and a 1-year high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The firm 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 business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, analysts expect that InterDigital, Inc. will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

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

InterDigital 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.