InterDigital, Inc. $IDCC Stock Holdings Lifted by Gallacher Capital Management LLC

Gallacher Capital Management LLC increased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 236.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,950 shares of the Wireless communications provider’s stock after buying an additional 2,072 shares during the period. Gallacher Capital Management LLC’s holdings in InterDigital were worth $891,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of IDCC. Price T Rowe Associates Inc. MD lifted its holdings in InterDigital by 62.5% in the fourth 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 acquiring an additional 854,845 shares during the last quarter. Norges Bank bought a new position in shares of InterDigital during the fourth quarter valued at approximately $128,918,000. Geode Capital Management LLC raised its position in shares of InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after purchasing an additional 123,686 shares during the period. M&T Bank Corp raised its position in shares of InterDigital by 14,563.6% during the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock worth $34,781,000 after purchasing an additional 108,499 shares during the period. Finally, Invesco Ltd. raised its position in shares of InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after purchasing an additional 89,647 shares during the period. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Trading Down 1.7%

Shares of IDCC stock opened at $265.59 on Friday. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. The firm has a market capitalization of $6.86 billion, a PE ratio of 25.01 and a beta of 1.42. The stock has a fifty day moving average of $270.49 and a two-hundred day moving average of $314.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same period last year, the company earned $3.45 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, research analysts expect that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The business 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

Insider Activity

In other InterDigital news, Director Derek K. Aberle sold 522 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $144,406.08. Following the sale, the director directly owned 7,620 shares in the company, valued at approximately $2,107,996.80. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 11,735 shares of the company’s stock, valued at approximately $3,520,500. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,872 shares of company stock worth $1,654,159 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

InterDigital Company 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.