2,097 Shares in InterDigital, Inc. $IDCC Acquired by State of Wyoming

State of Wyoming bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the second quarter, HoldingsChannel.com reports. The firm bought 2,097 shares of the Wireless communications provider’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IDCC. NewEdge Advisors LLC grew its stake in shares of InterDigital by 37.6% in the first quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after acquiring an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of InterDigital by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock valued at $15,933,000 after acquiring an additional 4,105 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in InterDigital by 85.8% in the second quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock valued at $1,437,000 after purchasing an additional 2,958 shares during the period. AXA S.A. boosted its holdings in InterDigital by 12.4% in the second quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock valued at $7,687,000 after purchasing an additional 3,788 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in InterDigital by 2.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock worth $28,698,000 after purchasing an additional 3,643 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

InterDigital stock opened at $343.65 on Monday. The stock has a market cap of $8.87 billion, a P/E ratio of 39.64 and a beta of 1.43. The company has a fifty day simple moving average of $286.29 and a 200-day simple moving average of $312.10. 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.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating the consensus estimate of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the prior year, the company posted $6.52 earnings per share. InterDigital’s revenue for the quarter was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Equities analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 32.30%.

Insiders Place Their Bets

In related news, Director John A. Kritzmacher sold 365 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the sale, the director owned 16,359 shares in the company, valued at $4,525,553.76. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total value of $487,320.00. Following the completion of the transaction, the chief technology officer directly owned 66,516 shares of the company’s stock, valued at $21,609,718.08. This trade represents a 2.21% decrease in their ownership of the stock. 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 have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.