InterDigital, Inc. $IDCC Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in InterDigital, Inc. (NASDAQ:IDCC) by 3.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 400,599 shares of the Wireless communications provider’s stock after selling 15,463 shares during the quarter. First Trust Advisors LP’s holdings in InterDigital were worth $120,981,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in shares of InterDigital in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in InterDigital in the 1st quarter valued at $30,000. Leonteq Securities AG acquired a new stake in InterDigital during the 4th quarter worth $35,000. Financial Consulate Inc. purchased a new stake in shares of InterDigital during the fourth quarter worth $41,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of InterDigital by 219.0% during 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 in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, InterDigital currently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Buying and Selling

In other news, Director Derek K. Aberle sold 522 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $144,406.08. Following the completion of the transaction, the director directly owned 7,620 shares in the company, valued at approximately $2,107,996.80. This represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $286.00, for a total value of $429,000.00. Following the sale, the chief technology officer directly owned 67,976 shares of the company’s stock, valued at $19,441,136. The trade was a 2.16% 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 sold a total of 5,872 shares of company stock valued at $1,654,159 in the last ninety days. Company insiders own 3.50% of the company’s stock.

InterDigital Price Performance

InterDigital stock opened at $256.06 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $269.28 and a 200 day moving average price of $312.64. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The stock has a market cap of $6.62 billion, a P/E ratio of 24.11 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same period in the previous year, the business posted $3.45 EPS. InterDigital’s revenue 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. Sell-side analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

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

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.