InterDigital, Inc. $IDCC Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 39.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,130 shares of the Wireless communications provider’s stock after selling 2,717 shares during the period. Royce & Associates LP’s holdings in InterDigital were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in IDCC. Leonteq Securities AG acquired a new stake in shares of InterDigital during the 4th quarter worth approximately $35,000. Aster Capital Management DIFC Ltd raised its position in shares of InterDigital by 186.8% during 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 during the period. Financial Consulate Inc. acquired a new stake in shares of InterDigital during the 4th quarter worth approximately $41,000. Hantz Financial Services Inc. raised its position in shares of InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 92 shares during the period. Finally, Headlands Technologies LLC raised its position in shares of InterDigital by 47.9% during the 2nd quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock worth $56,000 after purchasing an additional 81 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other news, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the transaction, the insider directly owned 25,889 shares in the company, valued at approximately $9,014,808.69. This trade represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction on Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the transaction, the chief technology officer owned 72,449 shares in the company, valued at approximately $22,698,271.70. This trade represents a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 8,500 shares of company stock worth $2,927,310. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IDCC. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, InterDigital currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Stock Up 0.5%

IDCC opened at $252.09 on Friday. InterDigital, Inc. has a 12 month low of $210.88 and a 12 month high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market cap of $6.52 billion, a P/E ratio of 23.74 and a beta of 1.50. The stock’s 50 day moving average price is $310.17 and its 200 day moving average price is $332.19.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same period last year, the firm earned $3.45 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. 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 predict that InterDigital, Inc. will post 7.59 earnings per share for the current year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, April 8th. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.

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.