Banco Santander S.A. Purchases Shares of 1,945 InterDigital, Inc. $IDCC

Banco Santander S.A. acquired a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 3rd quarter, HoldingsChannel reports. The firm acquired 1,945 shares of the Wireless communications provider’s stock, valued at approximately $671,000.

A number of other large investors have also recently made changes to their positions in IDCC. Choreo LLC raised its holdings in shares of InterDigital by 17.2% during the third quarter. Choreo LLC now owns 2,073 shares of the Wireless communications provider’s stock valued at $716,000 after acquiring an additional 304 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in InterDigital during the 3rd quarter valued at $219,000. US Bancorp DE raised its holdings in InterDigital by 20.3% in the 3rd quarter. US Bancorp DE now owns 2,761 shares of the Wireless communications provider’s stock worth $953,000 after purchasing an additional 465 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in shares of InterDigital in the 3rd quarter worth about $1,076,000. Finally, Jag Capital Management LLC purchased a new stake in shares of InterDigital in the 3rd quarter worth about $283,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Price Performance

IDCC stock opened at $366.53 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50 day moving average price of $336.52 and a 200-day moving average price of $335.88. InterDigital, Inc. has a 52-week low of $180.60 and a 52-week high of $412.60. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 30.72 and a beta of 1.58.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. The company had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm’s revenue for the quarter was down 37.4% on a year-over-year basis. During the same quarter last year, the company earned $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Equities research analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, January 14th. InterDigital’s payout ratio is currently 23.47%.

Insider Buying and Selling

In other news, CFO Richard Brezski sold 6,981 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $330.49, for a total transaction of $2,307,150.69. Following the sale, the chief financial officer owned 83,374 shares in the company, valued at $27,554,273.26. This represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John A. Kritzmacher sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total transaction of $413,750.00. Following the completion of the transaction, the director owned 15,815 shares of the company’s stock, valued at approximately $5,234,765. The trade was a 7.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 43,837 shares of company stock worth $14,595,823 in the last quarter. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IDCC shares. Zacks Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Wall Street Zen downgraded InterDigital from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Roth Mkm restated a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. UBS Group set a $425.00 price target on InterDigital in a research report on Monday, December 1st. Finally, Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

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.