InterDigital, Inc. $IDCC Shares Sold by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 57.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,700 shares of the Wireless communications provider’s stock after selling 9,100 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in InterDigital were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of IDCC. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital during the fourth quarter valued at approximately $26,000. Leonteq Securities AG purchased a new stake in shares of InterDigital during the fourth quarter valued at $35,000. Aster Capital Management DIFC Ltd increased its position in shares of InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 71 shares in the last quarter. Financial Consulate Inc. purchased a new position in shares of InterDigital in the fourth quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares during the period. Institutional investors own 99.83% of the company’s stock.

InterDigital Trading Down 0.3%

NASDAQ:IDCC opened at $282.26 on Thursday. The stock’s 50 day moving average price is $284.58 and its 200 day moving average price is $319.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60. The company has a market capitalization of $7.29 billion, a P/E ratio of 26.58 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.03. The firm had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company 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. On average, research analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is 26.37%.

Insider Activity

In related news, Director John D. Jr. Markley sold 400 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total transaction of $120,000.00. Following the completion of the sale, the director directly owned 11,735 shares of the company’s stock, valued at $3,520,500. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the transaction, the director owned 16,359 shares in the company, valued at approximately $4,525,553.76. This trade represents a 2.18% decrease in their position. 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 quarter, insiders have sold 5,872 shares of company stock valued at $1,695,109. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, InterDigital presently has an average rating of “Moderate Buy” and an average price target of $416.67.

About InterDigital

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.