Bank of America Corp DE Purchases 63,524 Shares of InterDigital, Inc. $IDCC

Key Points

• Bank of America increased its InterDigital stake by 31.3% in the first quarter, adding 63,524 shares to hold 266,724 shares valued at approximately $80.6 million. Institutional investors collectively own 99.83% of the company.
• InterDigital reported quarterly EPS of $4.62, far above the $0.90 analyst consensus, while revenue reached $260.17 million; however, revenue declined 13.4% year over year. The company maintains FY 2026 EPS guidance of $10.85–$12.81.
• Analysts maintain a consensus “Buy” rating with a $416.67 price target, while InterDigital pays a quarterly dividend of $0.70, representing a 0.8% yield. Insiders have sold 7,372 shares worth about $2.14 million over the past three months.

Bank of America Corp DE raised its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 266,724 shares of the Wireless communications provider's stock after acquiring an additional 63,524 shares during the quarter. Bank of America Corp DE owned approximately 1.03% of InterDigital worth $80,551,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IDCC. Kemnay Advisory Services Inc. acquired a new stake in InterDigital during the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital in the 1st quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in shares of InterDigital in the 4th quarter valued at $35,000. Hantz Financial Services Inc. boosted its stake in shares of InterDigital by 219.0% in 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 during the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in shares of InterDigital during the fourth quarter worth $48,000. Institutional investors own 99.83% of the company's stock.

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 InterDigital stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $144,406.08. Following the transaction, the director directly owned 7,620 shares in the company, valued at $2,107,996.80. This 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 7,372 shares of company stock worth $2,141,479. 3.50% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

NASDAQ IDCC opened at $344.56 on Monday. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 39.74 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 business has a 50 day moving average price of $277.69 and a 200-day moving average price of $311.56. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01.

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. As a group, equities analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of InterDigital from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, June 12th. Zacks Research upgraded InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, InterDigital currently has a consensus rating of "Buy" and a consensus target price 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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