4,454 Shares in InterDigital, Inc. $IDCC Acquired by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC acquired 4,454 InterDigital shares worth approximately $1.26 million, while institutional investors and hedge funds collectively own 99.83% of the company.
• InterDigital reported quarterly EPS of $4.62, substantially above the $0.90 consensus estimate, and revenue of $260.17 million. However, revenue declined 13.4% year over year.
• The company pays a quarterly dividend of $0.70 per share, equal to an annualized $2.80 and a 0.8% yield. Analysts maintain a consensus “Buy” rating with an average price target of $416.67, compared with a recent share price of $342.42.

Evolve Private Wealth LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,454 shares of the Wireless communications provider's stock, valued at approximately $1,261,000.

Several other institutional investors have also recently added to or reduced their stakes in IDCC. NewEdge Advisors LLC increased its stake in shares of 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 acquiring an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in InterDigital by 5.6% during the first 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 acquiring an additional 4,105 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in InterDigital by 85.8% during the second 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 in the last quarter. AXA S.A. grew its holdings in InterDigital by 12.4% in the second quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider's stock worth $7,687,000 after purchasing an additional 3,788 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in InterDigital by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider's stock worth $28,698,000 after purchasing an additional 3,643 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of IDCC opened at $342.42 on Monday. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60. The business's fifty day moving average is $294.01 and its 200 day moving average is $312.53. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.84 billion, a P/E ratio of 39.49 and a beta of 1.43.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted $6.52 EPS. 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. Sell-side analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

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 dividend of $0.70 per share. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. InterDigital's payout ratio is 32.30%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IDCC. Zacks Research upgraded shares of InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings downgraded InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, InterDigital currently has a consensus rating of "Buy" and an average price target of $416.67.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director John D. Jr. Markley sold 400 shares of the business'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 completion of the sale, the director directly owned 11,735 shares of the company's stock, valued at approximately $3,520,500. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the sale, the director directly owned 7,620 shares of the company's stock, valued at approximately $2,107,996.80. This trade represents a 6.41% 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. In the last three months, insiders have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is currently owned by corporate 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.

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