InterDigital, Inc. $IDCC Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its stake in InterDigital, Inc. (NASDAQ:IDCC) by 14.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,840 shares of the Wireless communications provider’s stock after selling 3,158 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.07% of InterDigital worth $5,690,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of IDCC. Kemnay Advisory Services Inc. purchased a new stake in shares of InterDigital during the 4th quarter valued at $26,000. Leonteq Securities AG purchased a new position in shares of InterDigital in the 4th quarter worth $35,000. Financial Consulate Inc. acquired a new position in InterDigital in the fourth quarter valued at $41,000. Hantz Financial Services Inc. boosted its holdings in InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in InterDigital during the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Samir Armaly sold 470 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the sale, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. This represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were 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 of the company’s stock, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,872 shares of company stock worth $1,695,109. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, InterDigital presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Stock Performance

InterDigital stock opened at $281.40 on Friday. The firm has a market capitalization of $7.27 billion, a PE ratio of 26.50 and a beta of 1.42. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60. The stock’s 50 day moving average price is $280.81 and its 200 day moving average price is $319.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The firm had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.InterDigital’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, sell-side analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. InterDigital’s payout ratio is presently 26.37%.

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.