Assenagon Asset Management S.A. Purchases 3,049 Shares of InterDigital, Inc. $IDCC

Assenagon Asset Management S.A. grew its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 31.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,777 shares of the Wireless communications provider's stock after buying an additional 3,049 shares during the period. Assenagon Asset Management S.A.'s holdings in InterDigital were worth $3,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IDCC. Price T Rowe Associates Inc. MD increased its stake in shares of InterDigital by 62.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider's stock valued at $707,477,000 after purchasing an additional 854,845 shares during the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 123,686 shares during the period. Invesco Ltd. boosted its position in InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider's stock worth $143,546,000 after buying an additional 89,647 shares during the period. Reinhart Partners LLC. grew its holdings in InterDigital by 1.3% during the 4th quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider's stock worth $132,973,000 after acquiring an additional 5,293 shares during the last quarter. Finally, Norges Bank acquired a new position in InterDigital in the 4th quarter valued at approximately $128,918,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Up 4.0%

Shares of NASDAQ IDCC opened at $351.43 on Thursday. The company has a market capitalization of $9.07 billion, a P/E ratio of 40.53 and a beta of 1.43. 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. The company's 50 day moving average price is $282.97 and its 200-day moving average price is $311.90.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $260.17 million during the quarter, compared to analysts' expectations of $143.10 million. During the same period in the prior year, the company posted $6.52 earnings per share. InterDigital's revenue for the quarter 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. Equities analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued 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 was Wednesday, July 8th. InterDigital's dividend payout ratio (DPR) is presently 32.30%.

Insider Transactions at InterDigital

In other InterDigital news, Director Samir Armaly sold 470 shares of the firm's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the sale, the director directly owned 4,608 shares in the company, valued at approximately $1,274,757.12. This trade represents a 9.26% 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 D. Jr. Markley sold 400 shares of the firm's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value 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. 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. In the last 90 days, insiders sold 7,672 shares of company stock worth $2,240,797. Corporate insiders own 3.50% of the company's stock.

Analyst Ratings Changes

IDCC has been the subject of several analyst reports. Weiss Ratings downgraded shares of InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Zacks Research upgraded InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.

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