Ashford Capital Management Inc. Takes $9.36 Million Position in InterDigital, Inc. $IDCC

Key Points

• Ashford Capital Management disclosed a new fourth-quarter stake in InterDigital, buying 29,408 shares worth about $9.36 million and representing roughly 0.11% of the company.
• InterDigital continues to attract major institutional interest, with firms like Norges Bank, Geode Capital, and Franklin Resources adding positions; institutional investors now own 99.83% of the stock.
• The company reported earnings and guidance that were generally solid: Q1 results beat EPS and revenue estimates, and InterDigital also declared a quarterly dividend of $0.70 per share, while analysts currently rate the stock Moderate Buy on average.

Ashford Capital Management Inc. purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 29,408 shares of the Wireless communications provider's stock, valued at approximately $9,363,000. Ashford Capital Management Inc. owned approximately 0.11% of InterDigital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IDCC. Norges Bank acquired a new position in InterDigital in the 4th quarter valued at $128,918,000. Geode Capital Management LLC grew its stake in InterDigital by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider's stock valued at $251,250,000 after buying an additional 123,686 shares during the last quarter. M&T Bank Corp grew its stake 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 buying an additional 108,499 shares during the last quarter. Ameriprise Financial Inc. grew its stake in InterDigital by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider's stock valued at $69,433,000 after buying an additional 83,221 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in InterDigital by 245.6% in the 4th quarter. Franklin Resources Inc. now owns 104,452 shares of the Wireless communications provider's stock valued at $33,255,000 after buying an additional 74,230 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares of the company's stock, valued at approximately $22,698,271.70. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 $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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 5,472 shares of company stock valued at $1,575,109. 3.50% of the stock is owned by company insiders.

InterDigital Price Performance

NASDAQ:IDCC opened at $287.15 on Wednesday. The company has a 50-day moving average of $299.42 and a 200-day moving average of $325.26. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 27.04 and a beta of 1.43. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.03. The company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, equities research analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.70 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. InterDigital's payout ratio is 26.37%.

Analyst Ratings Changes

A number of research firms recently issued reports on IDCC. Weiss Ratings lowered shares of InterDigital from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. Jefferies Financial Group reiterated a "buy" rating on shares of InterDigital in a research note on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of InterDigital from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, InterDigital presently has an average rating of "Moderate Buy" and an average target price of $416.67.

More InterDigital News

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: InterDigital won a European patent injunction against Disney, with the Unified Patent Court ruling that Disney infringed an InterDigital video-encoding patent and confirming the patent’s validity. The injunction spans 11 EU countries and could strengthen InterDigital’s leverage in licensing negotiations. InterDigital awarded injunction against Disney by Unified Patent Court
• Positive Sentiment: The company is highlighting its video and AI technology leadership at the FOKUS Media Web Symposium, showcasing energy-efficient streaming and interactive AR capabilities that reinforce its innovation pipeline and licensing value. InterDigital to Spotlight Innovation Underpinning Interactive AR and Energy-Efficient Video Streaming at 2026 FOKUS Media Web Symposium
• Neutral Sentiment: InterDigital shareholders approved bylaw and governance changes at the annual meeting, a routine corporate update with limited immediate operating impact. InterDigital Shareholders Approve Bylaw Changes and Governance Items
• Negative Sentiment: Several directors disclosed stock sales under pre-arranged 10b5-1 plans, which can weigh on sentiment even if the trades were not discretionary. SEC Form 4 - Derek K. Aberle sale SEC Form 4 - John A. Kritzmacher sale SEC Form 4 - Jean F. Rankin sale SEC Form 4 - Samir Armaly sale

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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