Foster & Motley Inc. Takes $860,000 Position in InterDigital, Inc. $IDCC

Foster & Motley Inc. bought a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,037 shares of the Wireless communications provider’s stock, valued at approximately $860,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of InterDigital in the 4th quarter valued at $26,000. Anchor Investment Management LLC acquired a new position in InterDigital during the first quarter worth $30,000. Leonteq Securities AG acquired a new position in InterDigital during the fourth quarter worth $35,000. Hantz Financial Services Inc. raised its holdings in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. Finally, Greenline Wealth Management LLC bought a new position in InterDigital during the fourth quarter valued at about $48,000. Institutional investors own 99.83% of the company’s stock.

Insider Activity

In other news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total transaction of $487,320.00. Following the completion of the sale, the chief technology officer owned 66,516 shares of the company’s stock, valued at approximately $21,609,718.08. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $130,020.80. Following the sale, the director owned 4,608 shares in the company, 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. In the last three months, insiders sold 7,672 shares of company stock valued at $2,240,797. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $416.67.

InterDigital Stock Performance

NASDAQ IDCC opened at $344.86 on Thursday. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.90 billion, a P/E ratio of 39.78 and a beta of 1.43. The company’s 50-day simple moving average is $291.53 and its 200 day simple moving average is $312.33.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. The firm had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The business’s revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, research analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were given a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. InterDigital’s payout ratio is 32.30%.

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.