Emerald Investment Advisers LLC Takes $6.83 Million Position in InterDigital, Inc. $IDCC

Emerald Investment Advisers LLC purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 24,120 shares of the Wireless communications provider’s stock, valued at approximately $6,829,000.

Other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new stake in InterDigital during the 2nd quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital in the fourth quarter worth about $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital in the first quarter worth about $30,000. Leonteq Securities AG purchased a new position in shares of InterDigital in the fourth quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. increased its position in shares of InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 0.1%

NASDAQ:IDCC opened at $342.42 on Friday. The business’s fifty day moving average price is $294.01 and its 200 day moving average price is $312.64. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 39.49 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. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same period last year, the company posted $6.52 EPS. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, sell-side analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

Insider Activity

In related news, Director Samir Armaly sold 470 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $130,020.80. Following the transaction, the director directly owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total transaction of $487,320.00. Following the completion of the transaction, the chief technology officer owned 66,516 shares in the company, valued at approximately $21,609,718.08. This represents a 2.21% 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 7,672 shares of company stock valued at $2,240,797 in the last three months. 3.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.