Cary Street Partners Financial LLC Lowers Stake in InterDigital, Inc. $IDCC

Key Points

• Cary Street Partners Financial LLC cut its stake in InterDigital by 61.8% in the fourth quarter, leaving it with 3,697 shares worth about $1.18 million.
• InterDigital reported better-than-expected quarterly results, posting EPS of $2.57 versus the $2.54 estimate and revenue of $205.42 million versus $196.85 million expected, while also raising its guidance for Q2 2026 and FY 2026.
• The stock has seen mixed insider and analyst signals: insiders sold 8,500 shares last quarter, but analysts still rate the stock a “Moderate Buy” with a consensus target price of $416.67.

Cary Street Partners Financial LLC reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 61.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,697 shares of the Wireless communications provider's stock after selling 5,984 shares during the quarter. Cary Street Partners Financial LLC's holdings in InterDigital were worth $1,177,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd boosted its stake in shares of InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider's stock valued at $38,000 after purchasing an additional 71 shares during the period. Leonteq Securities AG purchased a new stake in shares of InterDigital during the fourth quarter valued at $35,000. Financial Consulate Inc. purchased a new stake in shares of InterDigital during the fourth quarter valued at $41,000. Hantz Financial Services Inc. boosted its stake in shares of InterDigital by 219.0% during the fourth 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 period. Finally, Clearstead Advisors LLC boosted its stake in shares of InterDigital by 52.3% during the fourth quarter. Clearstead Advisors LLC now owns 198 shares of the Wireless communications provider's stock valued at $63,000 after purchasing an additional 68 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 6,000 shares of the company's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the transaction, the insider owned 25,889 shares in the company, valued at $9,014,808.69. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,500 shares of the company's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00. Following the transaction, the chief technology officer owned 72,449 shares in the company, valued at approximately $22,698,271.70. This trade represents a 2.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,500 shares of company stock valued at $2,927,310 over the last quarter. 2.80% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

IDCC stock opened at $250.75 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The business has a 50-day moving average price of $312.17 and a 200 day moving average price of $332.76. The company has a market capitalization of $6.48 billion, a P/E ratio of 23.61 and a beta of 1.50. InterDigital, Inc. has a 1-year low of $210.88 and a 1-year high of $412.60.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its earnings results 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 business 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 was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.45 earnings per share. 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 forecast that InterDigital, Inc. will post 7.59 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a $0.70 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital's payout ratio is currently 26.37%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reissued a "buy" rating on shares of InterDigital in a research note on Wednesday, March 18th. Wall Street Zen raised shares of InterDigital from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of InterDigital in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $416.67.

InterDigital 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.

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