6,539 Shares in InterDigital, Inc. $IDCC Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 6,539 InterDigital shares worth approximately $1.85 million during the second quarter. Institutional investors collectively own 99.83% of the company.
• Analyst sentiment is broadly positive, with an average rating of “Buy” and an average price target of $416.67; ratings range from Strong Buy to Hold.
• InterDigital reported quarterly EPS of $4.62, surpassing estimates of $0.90, on revenue of $260.17 million. The company also maintains a quarterly dividend of $0.70 per share, equivalent to a 0.8% annual yield.

Corient Private Wealth LP bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,539 shares of the Wireless communications provider's stock, valued at approximately $1,851,000.

Other institutional investors have also bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new stake in InterDigital during the 2nd quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital in the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital in the 1st quarter valued at about $30,000. Leonteq Securities AG bought a new stake in shares of InterDigital during the 4th quarter valued at about $35,000. Finally, Hantz Financial Services Inc. boosted its position in shares of InterDigital by 219.0% during 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 in the last quarter. Institutional investors own 99.83% of the company's stock.

Analysts Set New Price Targets

IDCC has been the subject of a number of research analyst reports. Zacks Research upgraded InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings cut InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, InterDigital presently has an average rating of "Buy" and an average price target of $416.67.

InterDigital Trading Up 1.9%

IDCC opened at $335.91 on Friday. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The company has a market cap of $8.67 billion, a P/E ratio of 38.74 and a beta of 1.43. The company has a fifty day moving average price of $302.87 and a two-hundred day moving average price of $311.43.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The business's quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Analysts predict that InterDigital, Inc. will post 9.76 EPS for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital's dividend payout ratio is 32.30%.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director Samir Armaly sold 470 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 $130,020.80. Following the transaction, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $290.00, for a total value of $435,000.00. Following the completion of the sale, the chief technology officer directly owned 69,476 shares of the company's stock, valued at $20,148,040. This trade represents a 2.11% 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. Insiders sold 6,922 shares of company stock worth $2,047,012 in the last quarter. Company insiders own 3.50% of the company's stock.

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.

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