Wellington Management Group LLP Has $46.90 Million Stock Position in InterDigital, Inc. $IDCC

Wellington Management Group LLP increased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 34.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 165,631 shares of the Wireless communications provider’s stock after purchasing an additional 42,760 shares during the period. Wellington Management Group LLP owned 0.64% of InterDigital worth $46,895,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of InterDigital by 62.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after buying an additional 854,845 shares during the last quarter. Geode Capital Management LLC raised its stake in InterDigital by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after acquiring an additional 123,686 shares during the period. Reinhart Partners LLC. lifted its holdings in InterDigital by 9.0% during the 2nd quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock valued at $130,359,000 after purchasing an additional 38,115 shares during the last quarter. Invesco Ltd. boosted its position in InterDigital by 24.8% during the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after purchasing an additional 89,647 shares during the period. Finally, Norges Bank bought a new position in InterDigital during the fourth quarter worth $128,918,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $416.67.

InterDigital Stock Performance

NASDAQ:IDCC opened at $335.91 on Friday. The stock has a 50 day simple moving average of $302.87 and a 200 day simple moving average of $311.43. The stock has a market cap of $8.67 billion, a P/E ratio of 38.74 and a beta of 1.43. InterDigital, Inc. has a 1-year low of $249.14 and a 1-year high of $412.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $143.10 million. During the same period in the prior year, the firm posted $6.52 EPS. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Research analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current year.

InterDigital Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Joan H. Gillman sold 300 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $331.06, for a total transaction 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. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Derek K. Aberle sold 522 shares of InterDigital stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $144,406.08. Following the completion of the sale, the director owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. The trade was 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 have sold 6,922 shares of company stock worth $2,047,012. 3.50% of the stock is currently owned by insiders.

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.