InterDigital, Inc. $IDCC Holdings Increased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 194.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 11,854 shares of the Wireless communications provider’s stock after buying an additional 7,829 shares during the quarter. Moran Wealth Management LLC’s holdings in InterDigital were worth $3,580,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of InterDigital by 62.5% in the 4th 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 in the last quarter. Norges Bank bought a new position in InterDigital during the fourth quarter valued at about $128,918,000. Geode Capital Management LLC boosted its stake in InterDigital by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after buying an additional 123,686 shares in the last quarter. M&T Bank Corp grew its holdings in InterDigital by 14,563.6% during the fourth quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock worth $34,781,000 after acquiring an additional 108,499 shares during the period. Finally, Invesco Ltd. grew its holdings 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 acquiring an additional 89,647 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IDCC has been the topic of a number of research reports. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Insider Buying and Selling

In other news, Director Derek K. Aberle sold 522 shares of the stock in a transaction 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 transaction, the director owned 7,620 shares in the company, valued at $2,107,996.80. This represents a 6.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total transaction of $120,000.00. Following the transaction, the director owned 11,735 shares in the company, valued at approximately $3,520,500. This trade represents a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,372 shares of company stock valued at $1,225,159. 3.50% of the stock is owned by company insiders.

InterDigital Price Performance

Shares of IDCC opened at $281.40 on Monday. The business’s 50-day moving average is $280.81 and its 200-day moving average is $318.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 26.50 and a beta of 1.42. InterDigital, Inc. has a fifty-two week low of $213.06 and a fifty-two week high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same period in the previous year, the company posted $3.45 EPS. InterDigital’s revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts expect 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 will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.0%. InterDigital’s payout ratio 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.