Pettyjohn Wood & White Inc. Cuts Holdings in InterDigital, Inc. $IDCC

Pettyjohn Wood & White Inc. trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 34.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,985 shares of the Wireless communications provider’s stock after selling 2,065 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in InterDigital were worth $1,269,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG purchased a new position in InterDigital during the fourth quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd increased its holdings in InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 71 shares during the period. Financial Consulate Inc. purchased a new position in InterDigital during the fourth quarter valued at approximately $41,000. Hantz Financial Services Inc. increased its holdings in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 92 shares during the period. Finally, Headlands Technologies LLC increased its holdings in InterDigital by 47.9% during the second quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock valued at $56,000 after buying an additional 81 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Price Performance

NASDAQ IDCC opened at $255.60 on Tuesday. The firm’s fifty day simple moving average is $303.08 and its two-hundred day simple moving average is $328.13. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The firm has a market capitalization of $6.61 billion, a P/E ratio of 24.07 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same period in the prior year, the company posted $3.45 EPS. The firm’s quarterly revenue 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. Analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, April 8th. InterDigital’s dividend payout ratio is currently 26.37%.

Insider Activity

In related news, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the transaction, the insider directly owned 25,889 shares of the company’s stock, valued at $9,014,808.69. This represents a 18.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the transaction, the chief technology officer directly owned 72,449 shares in the company, valued at $22,698,271.70. This represents a 2.03% 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 8,250 shares of company stock worth $2,752,995 over the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IDCC shares. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, InterDigital presently has a consensus rating of “Moderate Buy” and a consensus target price 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.