Jupiter Topco LLC Invests $3.32 Million in InterDigital, Inc. $IDCC

Jupiter Topco LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 11,718 shares of the Wireless communications provider’s stock, valued at approximately $3,316,000.

Several other institutional investors have also bought and sold shares of the stock. Keating Financial Advisory Services Inc. acquired a new position in InterDigital during the second quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of InterDigital in the 4th quarter valued at $26,000. Anchor Investment Management LLC acquired a new stake in shares of InterDigital in the 1st quarter valued at $30,000. Leonteq Securities AG bought a new stake in shares of InterDigital in the 4th quarter worth about $35,000. Finally, Hantz Financial Services Inc. increased 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 in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analysts Set New Price Targets

IDCC has been the subject of several analyst reports. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings cut shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $416.67.

InterDigital Trading Down 4.5%

IDCC opened at $319.90 on Wednesday. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The stock has a market capitalization of $8.26 billion, a PE ratio of 36.90 and a beta of 1.43. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $300.50 and a two-hundred day moving average price of $311.89.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same period in the prior year, the business earned $6.52 earnings per share. InterDigital’s quarterly revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, equities analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, July 8th. InterDigital’s payout ratio is 32.30%.

Insider Activity

In other InterDigital news, Director Samir Armaly sold 470 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $130,020.80. Following the transaction, the director directly owned 4,608 shares in the company, valued at approximately $1,274,757.12. This trade represents a 9.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of InterDigital stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value 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 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. In the last 90 days, insiders have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is owned by company insiders.

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.