Asset Management One Co. Ltd. Has $1.67 Million Holdings in InterDigital, Inc. $IDCC

Key Points

• Asset Management One cut its stake in InterDigital by 43.9% in Q4, selling 3,942 shares and now holds 5,040 shares valued at $1.665 million.
• Insiders sold 24,955 shares totaling about $8.62 million over the last quarter (including CTO Rajesh Pankaj and Joshua D. Schmidt), leaving insiders with 2.80% ownership.
• Financials: InterDigital beat Q4 EPS estimates ($2.12 vs. $1.65) despite a 37.4% YoY revenue decline to $158.23M; it guided Q1 EPS of $2.390–2.680, has a $9.3B market cap and pays a $0.70 quarterly dividend (0.8% yield).

Asset Management One Co. Ltd. lessened its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 43.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,040 shares of the Wireless communications provider's stock after selling 3,942 shares during the quarter. Asset Management One Co. Ltd.'s holdings in InterDigital were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in InterDigital in the 3rd quarter valued at $30,000. Aster Capital Management DIFC Ltd boosted its stake in InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider's stock valued at $38,000 after buying an additional 71 shares in the last quarter. Financial Consulate Inc. acquired a new stake in InterDigital in the 4th quarter valued at $41,000. Spire Wealth Management acquired a new stake in InterDigital in the 3rd quarter valued at $49,000. Finally, Salomon & Ludwin LLC acquired a new stake in InterDigital in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 99.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on IDCC shares. Weiss Ratings lowered InterDigital from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Monday, December 29th. Roth Mkm reiterated a "buy" rating on shares of InterDigital in a research report on Tuesday, January 20th. Wall Street Zen upgraded shares of InterDigital from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of InterDigital in a research report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $416.67.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the sale, the chief technology officer owned 72,449 shares in the company, valued at $22,698,271.70. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the sale, the insider owned 25,889 shares of the company's stock, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,955 shares of company stock valued at $8,624,414 over the last quarter. 2.80% of the stock is currently owned by corporate insiders.

InterDigital Trading Down 4.5%

Shares of IDCC opened at $359.45 on Friday. The stock has a fifty day moving average price of $349.10 and a two-hundred day moving average price of $346.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. InterDigital, Inc. has a 52-week low of $190.40 and a 52-week high of $412.60. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 30.13 and a beta of 1.66.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. During the same quarter in the previous year, the company posted $5.15 EPS. The business's revenue for the quarter was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Analysts predict that InterDigital, Inc. will post 7.71 EPS for the current fiscal year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital's payout ratio is presently 23.47%.

InterDigital Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.