Vanguard Group Inc. Sells 45,521 Shares of InterDigital, Inc. $IDCC

Vanguard Group Inc. trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 1.4% in the third quarter, Holdings Channel reports. The institutional investor owned 3,326,113 shares of the Wireless communications provider’s stock after selling 45,521 shares during the period. Vanguard Group Inc. owned approximately 0.13% of InterDigital worth $1,148,274,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of InterDigital by 10.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,393 shares of the Wireless communications provider’s stock valued at $1,171,000 after acquiring an additional 332 shares during the period. Assetmark Inc. raised its stake in InterDigital by 1.2% in the third quarter. Assetmark Inc. now owns 20,383 shares of the Wireless communications provider’s stock valued at $7,037,000 after purchasing an additional 242 shares in the last quarter. Public Sector Pension Investment Board lifted its position in InterDigital by 32.4% during the third quarter. Public Sector Pension Investment Board now owns 130,488 shares of the Wireless communications provider’s stock worth $45,048,000 after purchasing an additional 31,898 shares during the period. Ground Swell Capital LLC acquired a new stake in InterDigital during the third quarter worth about $205,000. Finally, LSV Asset Management acquired a new stake in InterDigital during the third quarter worth about $414,000. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IDCC shares. Roth Mkm restated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. UBS Group set a $425.00 price objective on shares of InterDigital in a research report on Monday, December 1st. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Finally, Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the stock a “buy” rating in a research report on Thursday, October 30th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

Insider Activity at InterDigital

In related news, Director John A. Kritzmacher sold 1,250 shares of InterDigital stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total transaction of $413,750.00. Following the sale, the director directly owned 15,815 shares in the company, valued at $5,234,765. This trade represents a 7.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Brezski sold 6,981 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $330.49, for a total transaction of $2,307,150.69. Following the sale, the chief financial officer directly owned 83,374 shares in the company, valued at $27,554,273.26. The trade was a 7.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,087 shares of company stock worth $15,029,098 in the last quarter. 2.80% of the stock is owned by insiders.

InterDigital Stock Up 2.9%

Shares of NASDAQ:IDCC opened at $358.50 on Friday. InterDigital, Inc. has a 52-week low of $180.60 and a 52-week high of $412.60. The company has a market capitalization of $9.21 billion, a PE ratio of 30.05 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The company has a fifty day moving average of $333.45 and a 200-day moving average of $332.42.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business had revenue of $158.23 million for the quarter, compared to analyst estimates of $155.57 million. During the same quarter in the previous year, the company posted $5.15 EPS. InterDigital’s quarterly revenue was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, equities analysts predict that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital’s dividend payout ratio is currently 23.47%.

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.