PFA Pension Forsikringsaktieselskab bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,695 shares of the Wireless communications provider's stock, valued at approximately $1,852,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Reinhart Partners LLC. grew its position in InterDigital by 0.7% in the third quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider's stock valued at $142,360,000 after acquiring an additional 3,030 shares during the last quarter. Ameriprise Financial Inc. grew its position in InterDigital by 18.9% in the third quarter. Ameriprise Financial Inc. now owns 368,323 shares of the Wireless communications provider's stock valued at $127,202,000 after acquiring an additional 58,660 shares during the last quarter. Invesco Ltd. grew its position in InterDigital by 12.6% in the third quarter. Invesco Ltd. now owns 361,216 shares of the Wireless communications provider's stock valued at $124,703,000 after acquiring an additional 40,335 shares during the last quarter. Envestnet Asset Management Inc. grew its position in InterDigital by 0.5% in the third quarter. Envestnet Asset Management Inc. now owns 151,079 shares of the Wireless communications provider's stock valued at $52,157,000 after acquiring an additional 680 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in InterDigital by 32.4% in the third quarter. Public Sector Pension Investment Board now owns 130,488 shares of the Wireless communications provider's stock valued at $45,048,000 after acquiring an additional 31,898 shares during the last quarter. Institutional investors own 99.83% of the company's stock.
Insider Activity
In other news, Director John D. Jr. Markley sold 700 shares of InterDigital stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $374.95, for a total transaction of $262,465.00. Following the sale, the director directly owned 11,223 shares of the company's stock, valued at approximately $4,208,063.85. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Brezski sold 2,000 shares of InterDigital stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total value of $704,480.00. Following the completion of the transaction, the chief financial officer directly owned 70,404 shares in the company, valued at approximately $24,799,104.96. This represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 18,997 shares of company stock valued at $6,672,454. 2.30% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Jefferies Financial Group reiterated a "buy" rating on shares of InterDigital in a research report on Wednesday, March 18th. Wall Street Zen upgraded InterDigital from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Roth Mkm reiterated a "buy" rating on shares of InterDigital in a research report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $416.67.
Read Our Latest Stock Analysis on IDCC
InterDigital Stock Performance
Shares of IDCC stock opened at $272.96 on Tuesday. The business's 50-day moving average price is $347.23 and its 200-day moving average price is $346.57. InterDigital, Inc. has a 12 month low of $205.78 and a 12 month high of $412.60. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 25.70 and a beta of 1.50. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01.
InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same period last year, the firm posted $3.45 earnings per share. The business's revenue for the quarter was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts forecast that InterDigital, Inc. will post 7.71 EPS for the current year.
InterDigital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, April 8th. InterDigital's dividend payout ratio (DPR) is presently 26.37%.
InterDigital 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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