Man Group plc Makes New Investment in InterDigital, Inc. $IDCC

Man Group plc bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,242 shares of the Wireless communications provider’s stock, valued at approximately $3,466,000.

Other large investors have also recently added to or reduced their stakes in the company. Keybank National Association OH increased its holdings in shares of InterDigital by 4.5% in the first quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock valued at $213,000 after buying an additional 30 shares in the last quarter. Amundi grew its holdings in shares of InterDigital by 0.3% in the 4th quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock worth $3,210,000 after acquiring an additional 30 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of InterDigital by 2.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock worth $623,000 after acquiring an additional 39 shares during the last quarter. MGO One Seven LLC raised its position in shares of InterDigital by 5.2% during the fourth quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock worth $266,000 after purchasing an additional 41 shares during the period. Finally, J2 Capital Management Inc raised its position in shares of InterDigital by 3.0% during the first quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock worth $438,000 after purchasing an additional 42 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Samir Armaly sold 470 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 transaction of $130,020.80. Following the transaction, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 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 $144,406.08. Following the transaction, the director owned 7,620 shares in the company, valued at $2,107,996.80. This represents a 6.41% 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. Insiders sold a total of 7,672 shares of company stock valued at $2,240,797 in the last ninety days. Company insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

IDCC has been the topic of several recent analyst reports. Weiss Ratings downgraded InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $416.67.

InterDigital Trading Down 0.0%

NASDAQ IDCC opened at $335.03 on Tuesday. 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, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The firm’s fifty day simple moving average is $299.69 and its 200-day simple moving average is $312.20. The company has a market capitalization of $8.65 billion, a PE ratio of 38.64 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last posted its earnings results 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 firm had revenue of $260.17 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, sell-side analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share 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 paid a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s payout ratio is presently 32.30%.

InterDigital 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.