InterDigital, Inc. $IDCC Stock Purchased by Congress Asset Management Co.

Congress Asset Management Co. lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 8.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 458,053 shares of the Wireless communications provider’s stock after buying an additional 36,620 shares during the period. InterDigital makes up about 0.9% of Congress Asset Management Co.’s portfolio, making the stock its 21st largest position. Congress Asset Management Co.’s holdings in InterDigital were worth $149,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Polaris Financial Partners purchased a new stake in InterDigital in the 3rd quarter valued at $33,000. Tidal Investments LLC boosted its holdings in InterDigital by 19.0% during the 2nd quarter. Tidal Investments LLC now owns 78,161 shares of the Wireless communications provider’s stock worth $22,130,000 after acquiring an additional 12,501 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in InterDigital by 5.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,447 shares of the Wireless communications provider’s stock worth $410,000 after acquiring an additional 69 shares during the last quarter. IFP Advisors Inc grew its stake in shares of InterDigital by 3.7% in the 2nd quarter. IFP Advisors Inc now owns 1,292 shares of the Wireless communications provider’s stock worth $366,000 after acquiring an additional 46 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of InterDigital in the 2nd quarter worth $259,000. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of InterDigital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, InterDigital presently has an average rating of “Buy” and an average target price of $450.00.

Insiders Place Their Bets

In related news, Director Joan Gillman sold 300 shares of InterDigital stock in a transaction on Friday, August 7th. The stock was sold at an average price of $331.06, for a total transaction of $99,318.00. Following the completion of the sale, the director owned 22,736 shares of the company’s stock, valued at approximately $7,526,980.16. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 dated Wednesday, August 5th. The shares were sold at an average price of $324.88, for a total value of $487,320.00. Following 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,800 shares of company stock valued at $1,595,118 over the last 90 days. Company insiders own 3.50% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ IDCC traded up $1.10 during mid-day trading on Tuesday, reaching $339.29. 131,625 shares of the company’s stock were exchanged, compared to its average volume of 328,664. The firm has a 50-day moving average price of $331.17 and a two-hundred day moving average price of $306.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 39.13 and a beta of 1.43. InterDigital, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last released its 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. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. During the same period in the prior year, the firm earned $6.52 EPS. The company’s revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Analysts predict that InterDigital, Inc. will post 9.52 EPS for the current year.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a positive change from InterDigital’s previous quarterly dividend of $0.70. InterDigital’s payout ratio is 32.30%.

About InterDigital

InterDigital, Inc is a research and development company that designs and develops advanced wireless, video and related technologies. Its work supports cellular communications, including 2G, 3G, 4G and 5G networks, as well as Wi-Fi, video coding, artificial intelligence and other connected-device applications. The company’s technologies are incorporated into mobile phones, network equipment, consumer electronics and other wireless products.

InterDigital primarily commercializes its innovations through a patent-licensing business.