Neumeier Poma Investment Counsel LLC Sells 65,433 Shares of InterDigital, Inc. $IDCC

Neumeier Poma Investment Counsel LLC cut its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 40.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,424 shares of the Wireless communications provider’s stock after selling 65,433 shares during the period. InterDigital accounts for about 2.8% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 15th biggest position. Neumeier Poma Investment Counsel LLC’s holdings in InterDigital were worth $33,634,000 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 modified their holdings of the stock. Wedge Capital Management L L P NC bought a new position in InterDigital during the third quarter valued at $67,282,000. Prudential Financial Inc. lifted its holdings in shares of InterDigital by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 26,993 shares of the Wireless communications provider’s stock worth $6,053,000 after acquiring an additional 1,863 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of InterDigital by 0.8% during the 2nd quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock worth $24,491,000 after purchasing an additional 911 shares during the period. Vontobel Holding Ltd. grew its holdings in InterDigital by 144.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock valued at $4,158,000 after purchasing an additional 7,113 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in InterDigital by 6.1% during the 2nd quarter. Bessemer Group Inc. now owns 121,627 shares of the Wireless communications provider’s stock valued at $27,273,000 after purchasing an additional 7,005 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $379.02 on Thursday. The firm has a 50 day moving average of $334.84 and a 200 day moving average of $334.47. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 31.77 and a beta of 1.58. InterDigital, Inc. has a 52 week low of $180.60 and a 52 week high of $412.60.

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

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, January 14th. InterDigital’s dividend payout ratio (DPR) is currently 23.47%.

Insider Activity

In other InterDigital news, CEO Lawrence Liren Chen sold 5,958 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the sale, the chief executive officer owned 153,077 shares of the company’s stock, valued at approximately $50,151,086.74. The trade was a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Brezski sold 6,981 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $330.49, for a total transaction of $2,307,150.69. Following the transaction, the chief financial officer owned 83,374 shares in the company, valued at $27,554,273.26. The trade was a 7.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,837 shares of company stock worth $14,595,823 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IDCC shares. Jefferies Financial Group set a $475.00 price objective on shares of InterDigital and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. UBS Group set a $425.00 target price on InterDigital in a research note on Monday, December 1st. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Finally, Zacks Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.