Deutsche Bank AG Purchases New Position in InterDigital, Inc. $IDCC

Deutsche Bank AG purchased a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,030 shares of the Wireless communications provider's stock, valued at approximately $13,316,000. Deutsche Bank AG owned approximately 0.18% of InterDigital as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital in the 4th quarter worth $26,000. Anchor Investment Management LLC purchased a new position in shares of InterDigital in the first quarter worth $30,000. Leonteq Securities AG bought a new position in shares of InterDigital during the fourth quarter valued at $35,000. Hantz Financial Services Inc. lifted its holdings 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 in the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in shares of InterDigital during the fourth quarter valued at $48,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total transaction of $487,320.00. Following the completion of the sale, the chief technology officer directly owned 66,516 shares in the company, valued at approximately $21,609,718.08. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the company's 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 $130,020.80. Following the sale, the director directly owned 4,608 shares of the company's stock, valued at approximately $1,274,757.12. This represents a 9.26% 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. Over the last ninety days, insiders have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

Shares of IDCC opened at $342.42 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.74. InterDigital, Inc. has a one year low of $249.14 and a one year high of $412.60. The firm has a market capitalization of $8.84 billion, a P/E ratio of 39.49 and a beta of 1.43. The business has a fifty day moving average of $294.01 and a 200 day moving average of $312.64.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $3.72. The company had revenue of $260.17 million during the quarter, compared to analysts' expectations of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.InterDigital's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.52 earnings per share. 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, sell-side analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings downgraded InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $416.67.

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.

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