Fred Alger Management LLC Sells 3,428 Shares of InterDigital, Inc. $IDCC

Fred Alger Management LLC reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,443 shares of the Wireless communications provider’s stock after selling 3,428 shares during the period. Fred Alger Management LLC’s holdings in InterDigital were worth $9,474,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. California Public Employees Retirement System purchased a new stake in InterDigital in the third quarter worth about $13,412,000. Algert Global LLC lifted its holdings in shares of InterDigital by 50.0% during the third quarter. Algert Global LLC now owns 20,130 shares of the Wireless communications provider’s stock valued at $6,949,000 after purchasing an additional 6,710 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of InterDigital by 11.5% during the third quarter. Alliancebernstein L.P. now owns 36,778 shares of the Wireless communications provider’s stock valued at $12,697,000 after purchasing an additional 3,808 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of InterDigital by 18.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 368,323 shares of the Wireless communications provider’s stock worth $127,202,000 after purchasing an additional 58,660 shares in the last quarter. Finally, Creative Planning boosted its position in shares of InterDigital by 16.2% in the 3rd quarter. Creative Planning now owns 17,828 shares of the Wireless communications provider’s stock worth $6,155,000 after purchasing an additional 2,483 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

NASDAQ IDCC opened at $358.31 on Tuesday. The company has a 50-day moving average price of $344.93 and a 200-day moving average price of $344.00. InterDigital, Inc. has a 52 week low of $180.60 and a 52 week high of $412.60. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.20 billion, a P/E ratio of 30.03 and a beta of 1.57.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on IDCC shares. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group set a $425.00 target price on InterDigital in a report on Monday, December 1st. Roth Mkm reissued a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Finally, Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Insider Transactions at InterDigital

In other news, CFO Richard Brezski sold 6,981 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $330.49, for a total value of $2,307,150.69. Following the completion of the sale, the chief financial officer directly owned 83,374 shares in the company, valued at $27,554,273.26. This represents a 7.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John A. Kritzmacher sold 1,250 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total value of $413,750.00. Following the completion of the transaction, the director directly owned 15,815 shares in the company, valued at approximately $5,234,765. This represents a 7.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,054 shares of company stock worth $14,688,067 in the last 90 days. 2.30% of the stock is currently owned by insiders.

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.