NewEdge Advisors LLC Purchases 3,274 Shares of InterDigital, Inc. $IDCC

Key Points

• NewEdge Advisors increased its InterDigital stake by 54.9% in the first quarter, purchasing 3,274 shares for a total holding valued at $2.79 million. Institutional investors collectively own 99.83% of the company.
• Analyst sentiment remains positive, with InterDigital carrying a consensus “Buy” rating and an average price target of $416.67, despite mixed opinions ranging from “Strong Buy” to “Hold.”
• InterDigital significantly exceeded quarterly earnings expectations, reporting $4.62 in EPS versus a $0.90 consensus estimate and $260.17 million in revenue versus $143.10 million expected. The company also maintains a $0.70 quarterly dividend, equal to a 0.8% yield.

NewEdge Advisors LLC grew its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 54.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,239 shares of the Wireless communications provider's stock after buying an additional 3,274 shares during the period. NewEdge Advisors LLC's holdings in InterDigital were worth $2,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider's stock valued at $707,477,000 after acquiring an additional 854,845 shares in the last quarter. Norges Bank bought a new position in InterDigital in the 4th quarter valued at approximately $128,918,000. Royal Bank of Canada boosted its stake in InterDigital by 375.7% during the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider's stock valued at $60,297,000 after purchasing an additional 157,687 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of InterDigital by 135.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider's stock worth $66,255,000 after purchasing an additional 126,328 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of InterDigital by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider's stock worth $251,250,000 after purchasing an additional 123,686 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

Analyst Upgrades and Downgrades

IDCC has been the topic of a number of research analyst reports. Weiss Ratings downgraded InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. 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, three have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, InterDigital presently has a consensus rating of "Buy" and a consensus price target of $416.67.

Insiders Place Their Bets

In other InterDigital news, Director John A. Kritzmacher sold 365 shares of the business's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the sale, the director directly owned 16,359 shares in the company, valued at $4,525,553.76. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $144,406.08. Following the sale, the director directly owned 7,620 shares of the company's stock, valued at $2,107,996.80. The trade was a 6.41% decrease in their position. 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. In the last three months, insiders sold 7,672 shares of company stock valued at $2,240,797. 3.50% of the stock is currently owned by company insiders.

InterDigital Trading Down 2.1%

Shares of IDCC stock opened at $344.07 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60. The stock has a market capitalization of $8.88 billion, a P/E ratio of 39.69 and a beta of 1.43. The firm's 50 day moving average is $284.63 and its 200 day moving average is $312.00.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $3.72. The business had revenue of $260.17 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Research analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

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

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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