Sigma Planning Corp Sells 3,989 Shares of InterDigital, Inc. $IDCC

Sigma Planning Corp reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 45.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,780 shares of the Wireless communications provider’s stock after selling 3,989 shares during the period. Sigma Planning Corp’s holdings in InterDigital were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IDCC. Pictet Asset Management Holding SA boosted its position in shares of InterDigital by 293.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,098 shares of the Wireless communications provider’s stock worth $4,489,000 after purchasing an additional 10,515 shares during the period. Reinhart Partners LLC. raised its position in shares of InterDigital by 9.0% during the 2nd quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock valued at $130,359,000 after purchasing an additional 38,115 shares during the period. NewEdge Wealth LLC lifted its stake in shares of InterDigital by 68.4% during the 1st quarter. NewEdge Wealth LLC now owns 13,783 shares of the Wireless communications provider’s stock valued at $4,163,000 after buying an additional 5,599 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of InterDigital by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock valued at $46,585,000 after buying an additional 6,494 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in InterDigital in the 4th quarter worth $1,852,000. 99.83% of the stock is currently owned by institutional investors.

Insider Activity at InterDigital

In other InterDigital news, Director Samir Armaly sold 470 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the completion of the transaction, the director owned 4,608 shares in the company, valued at $1,274,757.12. This trade represents a 9.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of InterDigital stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the sale, the director directly owned 16,359 shares in the company, valued at approximately $4,525,553.76. The trade was 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. Insiders sold 7,672 shares of company stock valued at $2,240,797 in the last 90 days. 3.50% of the stock is currently owned by insiders.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $335.03 on Tuesday. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 38.64 and a beta of 1.43. The firm has a fifty day moving average price of $299.69 and a 200 day moving average price of $312.20. InterDigital, Inc. has a fifty-two week low of $249.14 and a fifty-two week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The business had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $143.10 million. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts expect that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital’s payout ratio is currently 32.30%.

Analyst Ratings Changes

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

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.