TD Asset Management Inc Has $16.17 Million Stock Position in InterDigital, Inc. $IDCC

TD Asset Management Inc grew its position in InterDigital, Inc. (NASDAQ:IDCC) by 19.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,782 shares of the Wireless communications provider’s stock after purchasing an additional 8,420 shares during the period. TD Asset Management Inc’s holdings in InterDigital were worth $16,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Leonteq Securities AG acquired a new position in shares of InterDigital in the fourth quarter worth about $35,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 71 shares during the period. Financial Consulate Inc. acquired a new position in shares of InterDigital in the fourth quarter worth about $41,000. Hantz Financial Services Inc. boosted its holdings in shares of InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after buying an additional 92 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of InterDigital by 47.9% in the second quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock worth $56,000 after buying an additional 81 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

IDCC stock opened at $255.60 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $6.60 billion, a P/E ratio of 24.07 and a beta of 1.43. The firm has a 50 day simple moving average of $303.08 and a 200 day simple moving average of $328.13. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. The business had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Research analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on IDCC. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, InterDigital currently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 750 shares of InterDigital stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $258.38, for a total value of $193,785.00. Following the completion of the sale, the chief technology officer directly owned 70,976 shares in the company, valued at $18,338,778.88. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the sale, the insider owned 25,889 shares of the company’s stock, 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. Insiders sold 8,250 shares of company stock valued at $2,752,995 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

InterDigital Company Profile

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.