NewEdge Advisors LLC Grows Position in InterDigital, Inc. $IDCC

NewEdge Advisors LLC raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 54.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,239 shares of the Wireless communications provider’s stock after purchasing an additional 3,274 shares during the period. NewEdge Advisors LLC’s holdings in InterDigital were worth $2,790,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Kemnay Advisory Services Inc. purchased a new position in shares of InterDigital during the 4th quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in InterDigital in the 1st quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in InterDigital during the 4th quarter worth approximately $35,000. Hantz Financial Services Inc. lifted its holdings in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in InterDigital during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Activity at InterDigital

In other InterDigital news, Director Samir Armaly sold 470 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $130,020.80. Following the completion of the transaction, the director owned 4,608 shares of the company’s stock, valued at $1,274,757.12. This represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the firm’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 transaction, the director owned 16,359 shares of the company’s stock, valued at approximately $4,525,553.76. The trade was a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,672 shares of company stock valued at $2,240,797 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings lowered InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $416.67.

InterDigital Stock Down 2.1%

NASDAQ IDCC opened at $344.07 on Friday. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.88 billion, a PE ratio of 39.69 and a beta of 1.43. The stock’s 50 day moving average is $284.63 and its 200 day moving average is $312.00.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. The business had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company’s revenue was down 13.4% on a year-over-year basis. During the same period last year, the firm posted $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Research analysts predict 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 was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is presently 32.30%.

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.