Empowered Funds LLC Has $2.64 Million Position in InterDigital, Inc. $IDCC

Empowered Funds LLC cut its position in InterDigital, Inc. (NASDAQ:IDCC) by 90.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,738 shares of the Wireless communications provider’s stock after selling 78,778 shares during the quarter. Empowered Funds LLC’s holdings in InterDigital were worth $2,639,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after purchasing an additional 854,845 shares during the last quarter. Norges Bank acquired a new stake in InterDigital during the 4th quarter worth approximately $128,918,000. Arrowstreet Capital Limited Partnership boosted its position in InterDigital by 135.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock worth $66,255,000 after buying an additional 126,328 shares during the period. Geode Capital Management LLC grew its holdings in InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after acquiring an additional 123,686 shares during the last quarter. Finally, M&T Bank Corp increased its position in InterDigital by 14,563.6% in the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after acquiring an additional 108,499 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Performance

NASDAQ:IDCC opened at $323.17 on Wednesday. The business’s fifty day moving average is $272.72 and its 200 day moving average is $311.03. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 37.27 and a beta of 1.43. 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, Inc. has a 52-week low of $249.14 and a 52-week high of $412.60.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same period last year, the business earned $6.52 earnings per share. InterDigital’s revenue was down 13.4% compared to the same quarter last year. 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 EPS for the current year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is 32.30%.

Insider Buying and Selling

In related news, Director Samir Armaly sold 470 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the completion of the transaction, the director directly owned 4,608 shares in the company, valued at $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the transaction, the director owned 11,735 shares in the company, valued at $3,520,500. This represents a 3.30% 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 have sold a total of 5,872 shares of company stock valued at $1,654,159 in the last ninety days. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

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

About InterDigital

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.