InterDigital, Inc. $IDCC Position Boosted by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 15.7% during the 1st quarter, Holdings Channel reports. The fund owned 20,545 shares of the Wireless communications provider’s stock after acquiring an additional 2,795 shares during the quarter. Inspire Investing LLC’s holdings in InterDigital were worth $6,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in shares of InterDigital in the fourth quarter worth $26,000. Leonteq Securities AG acquired a new position in shares of InterDigital during the fourth quarter valued at $35,000. Aster Capital Management DIFC Ltd raised its position in shares of InterDigital by 186.8% during the 3rd 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 in the last quarter. Financial Consulate Inc. bought a new stake in InterDigital during the fourth quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. raised its stake in shares of InterDigital by 219.0% in the 4th 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 own 99.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on IDCC shares. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Insiders Place Their Bets

In related news, Director Derek K. Aberle sold 522 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the sale, the director owned 7,620 shares in the company, valued at approximately $2,107,996.80. This represents a 6.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,525,553.76. This represents a 2.18% 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 $1,695,109 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

InterDigital Trading Up 0.4%

NASDAQ:IDCC opened at $277.07 on Tuesday. The stock has a fifty day simple moving average of $288.11 and a 200 day simple moving average of $320.90. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 26.09 and a beta of 1.43. InterDigital, Inc. has a 1-year low of $213.06 and a 1-year high of $412.60. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. During the same quarter in the previous year, the company earned $3.45 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. 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 forecast that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. InterDigital’s payout ratio is currently 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.