InterDigital, Inc. $IDCC Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. raised its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 8.2% during the 1st quarter, Holdings Channel reports. The fund owned 149,801 shares of the Wireless communications provider’s stock after purchasing an additional 11,390 shares during the period. Bessemer Group Inc.’s holdings in InterDigital were worth $45,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

InterDigital Trading Down 1.9%

Shares of IDCC stock opened at $260.45 on Friday. The stock has a 50-day simple moving average of $270.11 and a 200 day simple moving average of $314.52. InterDigital, Inc. has a fifty-two week low of $213.06 and a fifty-two week high of $412.60. The stock has a market capitalization of $6.73 billion, a P/E ratio of 24.52 and a beta of 1.42. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same period in the previous year, the business earned $3.45 earnings per share. InterDigital’s revenue for the quarter was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, sell-side analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 8th. InterDigital’s payout ratio is presently 26.37%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, InterDigital has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Insiders Place Their Bets

In related news, Director Samir Armaly sold 470 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 4,608 shares of the company’s stock, valued at $1,274,757.12. This represents a 9.26% decrease in their ownership of the stock. 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 D. Jr. Markley sold 400 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total transaction of $120,000.00. Following the sale, the director owned 11,735 shares of the company’s stock, valued at $3,520,500. The trade was a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 5,872 shares of company stock worth $1,654,159. Company insiders own 3.50% of the company’s stock.

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.