Sierra Summit Advisors LLC Buys Shares of 2,570 InterDigital, Inc. $IDCC

Sierra Summit Advisors LLC purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,570 shares of the Wireless communications provider’s stock, valued at approximately $776,000.

A number of other large investors also recently bought and sold shares of IDCC. Price T Rowe Associates Inc. MD boosted its stake in InterDigital by 62.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after buying an additional 854,845 shares during the period. Norges Bank acquired a new position in shares of InterDigital in the 4th quarter worth approximately $128,918,000. Geode Capital Management LLC boosted its position in shares of InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after purchasing an additional 123,686 shares during the period. M&T Bank Corp increased its holdings in InterDigital by 14,563.6% in the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after purchasing an additional 108,499 shares during the last quarter. Finally, Invesco Ltd. raised its position in InterDigital by 24.8% in the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after purchasing an additional 89,647 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, InterDigital presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

Insider Transactions at InterDigital

In other news, Director John A. Kritzmacher sold 365 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $100,973.60. Following the sale, the director directly owned 16,359 shares in the company, valued at approximately $4,525,553.76. This trade represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of InterDigital stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the sale, the director directly owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. This trade represents a 9.26% 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. Insiders have sold 5,872 shares of company stock valued at $1,695,109 over the last quarter. Insiders own 3.50% of the company’s stock.

InterDigital Price Performance

InterDigital stock opened at $281.40 on Friday. The firm has a market capitalization of $7.27 billion, a P/E ratio of 26.50 and a beta of 1.42. 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 twelve month low of $213.06 and a twelve month high of $412.60. The stock’s fifty day simple moving average is $280.81 and its 200-day simple moving average is $319.04.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $196.85 million. During the same period last year, the business posted $3.45 earnings per share. InterDigital’s 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. As a group, equities analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

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