Vise Technologies Inc. Takes $659,000 Position in InterDigital, Inc. $IDCC

Vise Technologies Inc. purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,327 shares of the Wireless communications provider’s stock, valued at approximately $659,000.

A number of other large investors have also added to or reduced their stakes in IDCC. Price T Rowe Associates Inc. MD raised its holdings in InterDigital by 62.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after acquiring an additional 854,845 shares in the last quarter. Geode Capital Management LLC lifted 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 valued at $251,250,000 after acquiring an additional 123,686 shares during the period. Reinhart Partners LLC. grew its holdings in shares of InterDigital by 9.0% during the 2nd quarter. Reinhart Partners LLC. now owns 460,404 shares of the Wireless communications provider’s stock worth $130,359,000 after purchasing an additional 38,115 shares in the last quarter. Invesco Ltd. grew its holdings 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 in the last quarter. Finally, Norges Bank bought a new position in shares of InterDigital in the fourth quarter worth $128,918,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director John D. Jr. Markley sold 400 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the sale, the director directly owned 11,735 shares of the company’s stock, valued at $3,520,500. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of InterDigital stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the transaction, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. This represents a 9.26% decrease in their position. 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 sold a total of 7,672 shares of company stock valued at $2,240,797 over the last ninety days. 3.50% of the stock is owned by insiders.

InterDigital Price Performance

Shares of IDCC opened at $342.42 on Monday. InterDigital, Inc. has a one year low of $249.14 and a one year high of $412.60. The company has a market cap of $8.84 billion, a P/E ratio of 39.49 and a beta of 1.43. 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 50 day simple moving average of $294.01 and a two-hundred day simple moving average of $312.53.

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, topping the consensus estimate of $0.90 by $3.72. The firm had revenue of $260.17 million during 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 company’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $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. Research analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors 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 was Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 32.30%.

About InterDigital

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.