Sigma Planning Corp Sells 3,989 Shares of InterDigital, Inc. $IDCC

Sigma Planning Corp cut its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 45.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,780 shares of the Wireless communications provider's stock after selling 3,989 shares during the quarter. Sigma Planning Corp's holdings in InterDigital were worth $1,353,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of InterDigital by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider's stock worth $809,000 after acquiring an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in InterDigital by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider's stock valued at $15,933,000 after purchasing an additional 4,105 shares during the period. Russell Investments Group Ltd. increased its stake in shares of InterDigital by 85.8% during the second quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider's stock valued at $1,437,000 after buying an additional 2,958 shares during the period. AXA S.A. raised its holdings in InterDigital by 12.4% in the 2nd quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider's stock worth $7,687,000 after purchasing an additional 3,788 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in InterDigital by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider's stock worth $28,698,000 after buying an additional 3,643 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on IDCC. Weiss Ratings lowered shares of InterDigital from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Zacks Research upgraded 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 given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $416.67.

InterDigital Stock Down 0.0%

IDCC stock opened at $335.03 on Tuesday. The stock has a market capitalization of $8.65 billion, a P/E ratio of 38.64 and a beta of 1.43. 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 1-year low of $249.14 and a 1-year high of $412.60. The business has a fifty day moving average price of $299.69 and a 200-day moving average price of $312.20.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share 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 analyst estimates of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.InterDigital's revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities analysts forecast that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

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

Insider Buying and Selling

In other InterDigital news, Director Samir Armaly sold 470 shares of the business's stock in a transaction 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 completion of the sale, the director directly owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. Gillman sold 300 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $331.06, for a total value of $99,318.00. Following the completion of the transaction, the director owned 22,736 shares in the company, valued at approximately $7,526,980.16. This trade represents a 1.30% 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. Insiders have sold a total of 7,672 shares of company stock valued at $2,240,797 in the last ninety days. Corporate insiders own 3.50% of the company's stock.

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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