Candriam S.C.A. Acquires New Position in InterDigital, Inc. $IDCC

Candriam S.C.A. purchased a new position in InterDigital, Inc. (NASDAQ:IDCC) in the first quarter, HoldingsChannel reports. The firm purchased 13,010 shares of the Wireless communications provider’s stock, valued at approximately $3,929,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in InterDigital by 62.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after buying an additional 854,845 shares during the period. Geode Capital Management LLC raised its holdings in InterDigital by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after acquiring an additional 123,686 shares during the period. Invesco Ltd. lifted its position in shares of InterDigital by 24.8% in the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after acquiring an additional 89,647 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of InterDigital by 1.3% in the fourth quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock worth $132,973,000 after acquiring an additional 5,293 shares during the period. Finally, Norges Bank purchased a new stake in shares of InterDigital during the fourth quarter worth about $128,918,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Price Performance

IDCC opened at $261.52 on Tuesday. The business has a fifty day moving average of $271.34 and a 200 day moving average of $316.21. InterDigital, Inc. has a 52-week low of $213.06 and a 52-week high of $412.60. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a market cap of $6.76 billion, a P/E ratio of 24.63 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. The company had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.45 EPS. 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 anticipate that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $286.00, for a total transaction of $429,000.00. Following the completion of the sale, the chief technology officer owned 67,976 shares in the company, valued at approximately $19,441,136. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the sale, the director directly owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. This represents a 6.41% 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. In the last quarter, insiders sold 5,872 shares of company stock worth $1,654,159. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

IDCC has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

About InterDigital

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.