Gibbs Wealth Management Grows Position in InterDigital, Inc. $IDCC

Gibbs Wealth Management boosted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 64.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,987 shares of the Wireless communications provider’s stock after purchasing an additional 1,963 shares during the period. Gibbs Wealth Management’s holdings in InterDigital were worth $1,506,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IDCC. Keybank National Association OH grew its stake in shares of InterDigital by 4.5% during the 1st quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock valued at $213,000 after buying an additional 30 shares during the period. Amundi increased its holdings in shares of InterDigital by 0.3% during the 4th quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock worth $3,210,000 after buying an additional 30 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of InterDigital by 2.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock worth $623,000 after buying an additional 39 shares during the period. MGO One Seven LLC raised its position in shares of InterDigital by 5.2% in the 4th quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock worth $266,000 after buying an additional 41 shares during the period. Finally, J2 Capital Management Inc boosted its holdings in InterDigital by 3.0% in the first quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock valued at $438,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $416.67.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $286.00, for a total transaction of $429,000.00. Following the completion of the sale, the chief technology officer owned 67,976 shares of the company’s stock, valued at approximately $19,441,136. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $100,973.60. Following the transaction, the director directly owned 16,359 shares in the company, valued at $4,525,553.76. The trade was a 2.18% decrease in their position. 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 a total of 5,872 shares of company stock worth $1,654,159 over the last three months. Insiders own 3.50% of the company’s stock.

InterDigital Trading Down 1.2%

NASDAQ:IDCC opened at $256.06 on Friday. The business’s 50-day moving average is $269.28 and its two-hundred day moving average is $312.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. 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 $6.62 billion, a PE ratio of 24.11 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last announced its 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. The business had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business posted $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Research analysts predict 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 was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s payout ratio is presently 26.37%.

InterDigital 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.