Gibbs Wealth Management Has $1.51 Million Stock Position in InterDigital, Inc. $IDCC

Gibbs Wealth Management boosted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 64.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,987 shares of the Wireless communications provider’s stock after acquiring an additional 1,963 shares during the quarter. Gibbs Wealth Management’s holdings in InterDigital were worth $1,506,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new stake in InterDigital during the fourth quarter valued at about $26,000. Anchor Investment Management LLC bought a new position in InterDigital during the first quarter worth about $30,000. Leonteq Securities AG bought a new stake in InterDigital in the fourth quarter valued at $35,000. Financial Consulate Inc. acquired a new stake in shares of InterDigital during the 4th quarter worth about $41,000. Finally, Hantz Financial Services Inc. raised its stake 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 valued at $43,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Activity

In other news, Director John D. Jr. Markley sold 400 shares of InterDigital stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the transaction, the director owned 11,735 shares in the company, valued at approximately $3,520,500. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of InterDigital stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value 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 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. Over the last ninety days, insiders sold 5,872 shares of company stock valued at $1,654,159. Corporate insiders own 3.50% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $256.06 on Friday. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week 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 stock has a 50 day moving average price of $269.28 and a 200 day moving average price of $312.64. The stock has a market capitalization of $6.62 billion, a PE ratio of 24.11 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm 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. Analysts predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders 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 of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.

Analyst Ratings Changes

Separately, Weiss Ratings cut 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.