NewEdge Wealth LLC Invests $4.90 Million in InterDigital, Inc. $IDCC

NewEdge Wealth LLC purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,298 shares of the Wireless communications provider’s stock, valued at approximately $4,898,000.

A number of other large investors have also made changes to their positions in IDCC. Kemnay Advisory Services Inc. acquired a new stake in InterDigital during the 4th quarter worth $26,000. Anchor Investment Management LLC bought a new position in InterDigital during the first quarter worth about $30,000. Leonteq Securities AG acquired a new position in InterDigital in the fourth quarter valued at about $35,000. Hantz Financial Services Inc. grew its stake in InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares during the period. Finally, Greenline Wealth Management LLC bought a new stake in shares of InterDigital in the fourth quarter worth about $48,000. Institutional investors own 99.83% of the company’s stock.

InterDigital Trading Up 2.7%

IDCC opened at $344.86 on Thursday. The stock has a market capitalization of $8.90 billion, a P/E ratio of 39.78 and a beta of 1.43. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60. The firm’s fifty day simple moving average is $291.53 and its 200 day simple moving average is $312.33. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. The firm had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $6.52 EPS. 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 anticipate that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 32.30%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IDCC. Weiss Ratings lowered InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $416.67.

Insider Buying and Selling at InterDigital

In related news, Director Derek K. Aberle sold 522 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 $144,406.08. Following the completion of the transaction, the director directly owned 7,620 shares in the company, valued at approximately $2,107,996.80. This trade represents a 6.41% 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, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total value of $487,320.00. Following the completion of the sale, the chief technology officer directly owned 66,516 shares in the company, valued at approximately $21,609,718.08. This represents a 2.21% 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 sold 7,672 shares of company stock valued at $2,240,797 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

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.