Neumeier Poma Investment Counsel LLC purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 149,579 shares of the Wireless communications provider's stock, valued at approximately $42,350,302,000. InterDigital comprises 2.9% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 18th biggest holding. Neumeier Poma Investment Counsel LLC owned about 0.58% of InterDigital at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new position in shares of InterDigital during the second quarter valued at about $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of InterDigital in the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new stake in InterDigital in the 1st quarter worth approximately $30,000. Leonteq Securities AG acquired a new stake in InterDigital in the 4th quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. grew its position in InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider's stock worth $43,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.
InterDigital Stock Performance
IDCC opened at $342.42 on Monday. The firm's fifty day simple moving average is $294.01 and its two-hundred day simple moving average is $312.53. InterDigital, Inc. has a 52-week low of $249.14 and a 52-week high of $412.60. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 39.49 and a beta of 1.43. 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 released its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $3.72. The business had revenue of $260.17 million during the quarter, compared to analysts' expectations of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company's quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company 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. Equities analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.
InterDigital Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital's payout ratio is 32.30%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of InterDigital from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Weiss Ratings cut shares of InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $416.67.
Check Out Our Latest Research Report on InterDigital
Insider Buying and Selling at InterDigital
In other news, Director Samir Armaly sold 470 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $130,020.80. Following the transaction, the director owned 4,608 shares in the company, valued at $1,274,757.12. This trade represents a 9.26% 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, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00. Following the sale, the chief technology officer directly owned 66,516 shares in the company, valued at approximately $21,609,718.08. This trade represents a 2.21% 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. Over the last ninety days, insiders have sold 7,672 shares of company stock valued at $2,240,797. 3.50% of the stock is owned by insiders.
InterDigital Company Profile
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Free Report)
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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