WBI Investments LLC Invests $3.22 Million in InterDigital, Inc. $IDCC

WBI Investments LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,330 shares of the Wireless communications provider’s stock, valued at approximately $3,221,000. InterDigital comprises approximately 0.8% of WBI Investments LLC’s portfolio, making the stock its 17th largest position.

A number of other institutional investors have also recently bought and sold shares of IDCC. Coldstream Capital Management Inc. purchased a new position in InterDigital during the third quarter worth approximately $283,000. Danske Bank A S purchased a new stake in shares of InterDigital during the 3rd quarter valued at $104,000. Abel Hall LLC purchased a new stake in shares of InterDigital during the 3rd quarter valued at $289,000. Harvest Investment Services LLC increased its holdings in shares of InterDigital by 27.0% during the 3rd quarter. Harvest Investment Services LLC now owns 18,262 shares of the Wireless communications provider’s stock worth $6,305,000 after buying an additional 3,881 shares during the last quarter. Finally, Palisade Asset Management LLC purchased a new position in shares of InterDigital in the 3rd quarter worth $197,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other InterDigital news, CFO Richard Brezski sold 6,981 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $330.49, for a total value of $2,307,150.69. Following the completion of the sale, the chief financial officer owned 83,374 shares of the company’s stock, valued at $27,554,273.26. This trade represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital 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 in the company, valued at $50,151,086.74. This represents a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 50,054 shares of company stock worth $16,777,327 in the last 90 days. 2.30% of the stock is owned by company insiders.

InterDigital Trading Down 1.9%

NASDAQ:IDCC opened at $351.33 on Wednesday. The business’s 50-day moving average is $345.77 and its two-hundred day moving average is $344.56. The firm has a market capitalization of $9.03 billion, a PE ratio of 29.45 and a beta of 1.57. InterDigital, Inc. has a 12 month low of $180.60 and a 12 month high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84.

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

Analysts Set New Price Targets

IDCC has been the topic of a number of research analyst reports. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. UBS Group set a $425.00 price target on InterDigital in a research note on Monday, December 1st. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Roth Mkm reissued a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.