Janus Henderson Group PLC Trims Position in InterDigital, Inc. $IDCC

Janus Henderson Group PLC cut its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 3.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 62,378 shares of the Wireless communications provider’s stock after selling 2,229 shares during the period. Janus Henderson Group PLC’s holdings in InterDigital were worth $18,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in InterDigital during the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in InterDigital during the 1st quarter worth approximately $30,000. Leonteq Securities AG purchased a new stake in InterDigital in the 4th quarter worth approximately $35,000. Financial Consulate Inc. purchased a new stake in InterDigital in the 4th quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. boosted its holdings in InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In other news, Director John D. Jr. Markley sold 400 shares of the 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 completion of the sale, the director owned 11,735 shares of the company’s stock, valued at approximately $3,520,500. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the firm’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 transaction, the director owned 16,359 shares in the company, valued at $4,525,553.76. This represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,872 shares of company stock valued at $1,654,159. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IDCC. Weiss Ratings lowered shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $416.67.

InterDigital Price Performance

IDCC stock opened at $309.23 on Tuesday. The firm has a market cap of $7.98 billion, a P/E ratio of 35.67 and a beta of 1.43. The firm’s fifty day moving average is $271.52 and its 200 day moving average is $310.96. InterDigital, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74.

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

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s payout ratio is 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.