Weiss Asset Management LP Acquires Shares of 2,268 InterDigital, Inc. $IDCC

Weiss Asset Management LP purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,268 shares of the Wireless communications provider’s stock, valued at approximately $685,000.

Several other large investors also recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new stake in shares of InterDigital in the fourth quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new position in shares of InterDigital in the first quarter worth about $30,000. Leonteq Securities AG purchased a new position in shares of InterDigital in the fourth quarter worth about $35,000. Financial Consulate Inc. purchased a new stake in InterDigital during the 4th quarter valued at about $41,000. Finally, Hantz Financial Services Inc. grew its stake in InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Trading Up 0.4%

IDCC opened at $259.26 on Tuesday. The stock has a market capitalization of $6.70 billion, a PE ratio of 24.41 and a beta of 1.42. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60. 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 business’s 50 day moving average price is $269.15 and its 200 day moving average price is $311.75.

InterDigital (NASDAQ:IDCC) last posted its 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. The company had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued 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 (DPR) is 26.37%.

Insider Transactions at InterDigital

In other news, Director John A. Kritzmacher sold 365 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the transaction, the director directly owned 16,359 shares in the company, valued at $4,525,553.76. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $286.00, for a total value of $429,000.00. Following the completion of the sale, the chief technology officer owned 67,976 shares in the company, valued at $19,441,136. This represents a 2.16% decrease in their position. 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 5,872 shares of company stock worth $1,654,159 in the last three months. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

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

InterDigital 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.