InterDigital, Inc. $IDCC Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in InterDigital, Inc. (NASDAQ:IDCC) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,830 shares of the Wireless communications provider’s stock after acquiring an additional 2,230 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in InterDigital were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. M&T Bank Corp raised its holdings in shares of InterDigital by 14,563.6% in the fourth quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after buying an additional 108,499 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of InterDigital by 36.8% in the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after buying an additional 83,221 shares during the last quarter. 1900 Wealth Management LLC purchased a new stake in shares of InterDigital in the fourth quarter valued at about $14,339,000. TD Asset Management Inc purchased a new stake in shares of InterDigital in the third quarter valued at about $14,625,000. Finally, Invesco Ltd. raised its holdings in shares of 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 buying an additional 40,335 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Down 3.3%

IDCC stock opened at $260.37 on Friday. The company’s 50 day simple moving average is $330.15 and its 200-day simple moving average is $340.67. The firm has a market capitalization of $6.73 billion, a PE ratio of 24.52 and a beta of 1.50. InterDigital, Inc. has a 12 month low of $205.78 and a 12 month high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The company had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. InterDigital’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $3.45 EPS. 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 analysts expect that InterDigital, Inc. will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 8th. InterDigital’s dividend payout ratio (DPR) is 26.37%.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $313.30, for a total value of $469,950.00. Following the transaction, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This trade represents a 2.03% decrease in their ownership of the stock. 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, insider Joshua D. Schmidt sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total value of $2,089,260.00. Following the completion of the transaction, the insider directly owned 25,889 shares in the company, valued at $9,014,808.69. This trade represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,967 shares of company stock worth $3,098,167. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IDCC has been the subject of a number of research reports. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Finally, Roth Mkm reissued a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

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.