Vise Technologies Inc. Invests $659,000 in InterDigital, Inc. $IDCC

Vise Technologies Inc. purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,327 shares of the Wireless communications provider’s stock, valued at approximately $659,000.

Several other hedge funds also recently modified their holdings of the company. NewEdge Wealth LLC acquired a new position in InterDigital in the 2nd quarter worth about $4,898,000. Empirical Asset Management LLC bought a new position in InterDigital in the second quarter valued at about $569,000. Diversify Advisory Services LLC acquired a new stake in shares of InterDigital during the second quarter valued at about $207,000. Foster & Motley Inc. acquired a new stake in shares of InterDigital during the second quarter valued at about $860,000. Finally, RHS Financial LLC bought a new stake in shares of InterDigital during the second quarter worth about $274,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $342.42 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.84 billion, a P/E ratio of 39.49 and a beta of 1.43. The firm’s fifty day simple moving average is $294.01 and its two-hundred day simple moving average is $312.53. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly 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. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. During the same period last year, the business posted $6.52 EPS. The business’s revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, analysts predict that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director Joan H. Gillman sold 300 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 22,736 shares of the company’s stock, valued at approximately $7,526,980.16. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the transaction, the director owned 11,735 shares in the company, valued at $3,520,500. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 over the last ninety days. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings downgraded InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “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.