Pettyjohn Wood & White Inc. Sells 2,065 Shares of InterDigital, Inc. $IDCC

Pettyjohn Wood & White Inc. decreased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,985 shares of the Wireless communications provider’s stock after selling 2,065 shares during the period. Pettyjohn Wood & White Inc.’s holdings in InterDigital were worth $1,269,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IDCC. Leonteq Securities AG purchased a new stake in InterDigital in the 4th quarter worth about $35,000. Aster Capital Management DIFC Ltd raised its position in InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 71 shares during the period. Financial Consulate Inc. purchased a new stake in InterDigital in the 4th quarter worth about $41,000. Hantz Financial Services Inc. raised its position in 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 purchasing an additional 92 shares during the period. Finally, Headlands Technologies LLC raised its position in InterDigital by 47.9% in the 2nd quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock worth $56,000 after purchasing an additional 81 shares during the period. Institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IDCC. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, InterDigital presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

Insider Buying and Selling

In other news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00. Following the transaction, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at approximately $22,698,271.70. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the firm’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 directly owned 25,889 shares in the company, valued at approximately $9,014,808.69. This trade represents a 18.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 8,250 shares of company stock worth $2,752,995. Corporate insiders own 2.80% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $255.60 on Tuesday. The firm has a market cap of $6.61 billion, a PE ratio of 24.07 and a beta of 1.43. The firm’s 50 day simple moving average is $303.08 and its 200-day simple moving average is $328.13. InterDigital, Inc. has a one year low of $213.06 and a one year 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.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The business had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities analysts predict that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

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

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.