M&T Bank Corp Buys 108,499 Shares of InterDigital, Inc. $IDCC

M&T Bank Corp increased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 14,563.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,244 shares of the Wireless communications provider’s stock after acquiring an additional 108,499 shares during the period. M&T Bank Corp’s holdings in InterDigital were worth $34,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of InterDigital in the 3rd quarter valued at about $30,000. Aster Capital Management DIFC Ltd lifted its stake in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 71 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of InterDigital in the 4th quarter valued at about $41,000. Spire Wealth Management bought a new stake in shares of InterDigital in the 3rd quarter valued at about $49,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of InterDigital in the 3rd quarter valued at about $59,000. Institutional investors own 99.83% of the company’s stock.

Insider Activity at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction that occurred on 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 owned 25,889 shares in the company, valued at approximately $9,014,808.69. This represents a 18.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Brezski sold 6,005 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $360.80, for a total value of $2,166,604.00. Following the transaction, the chief financial officer owned 72,404 shares in the company, valued at $26,123,363.20. This trade represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,955 shares of company stock worth $8,624,414 over the last 90 days. 2.80% of the stock is owned by insiders.

InterDigital Stock Up 0.3%

Shares of NASDAQ:IDCC opened at $376.35 on Thursday. InterDigital, Inc. has a 1 year low of $190.01 and a 1 year high of $412.60. The company has a market cap of $9.73 billion, a PE ratio of 31.55 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The stock’s 50-day moving average is $349.05 and its 200 day moving average is $346.52.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. During the same quarter in the previous year, the business earned $5.15 EPS. InterDigital’s revenue was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Sell-side analysts anticipate that InterDigital, Inc. will post 7.71 EPS for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, April 8th. InterDigital’s payout ratio is currently 23.47%.

Analyst Ratings Changes

IDCC has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Wall Street Zen raised InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.