Royce & Associates LP Sells 2,948 Shares of InterDigital, Inc. $IDCC

Royce & Associates LP lowered its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 30.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,847 shares of the Wireless communications provider’s stock after selling 2,948 shares during the period. Royce & Associates LP’s holdings in InterDigital were worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of InterDigital by 37.6% in the first quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock valued at $809,000 after buying an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of InterDigital by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock valued at $15,933,000 after acquiring an additional 4,105 shares during the period. Atria Investments Inc grew its position in shares of InterDigital by 4.1% in the 2nd quarter. Atria Investments Inc now owns 2,660 shares of the Wireless communications provider’s stock valued at $596,000 after acquiring an additional 104 shares during the period. Amalgamated Bank increased its stake in shares of InterDigital by 0.8% during the 2nd quarter. Amalgamated Bank now owns 7,368 shares of the Wireless communications provider’s stock worth $1,652,000 after purchasing an additional 58 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of InterDigital by 6.4% in the 2nd quarter. Strs Ohio now owns 5,000 shares of the Wireless communications provider’s stock valued at $1,121,000 after purchasing an additional 300 shares during the period. 99.83% of the stock is owned by institutional investors.

Insider Activity at InterDigital

In related news, Director John D. Jr. Markley sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $374.95, for a total transaction of $262,465.00. Following the completion of the transaction, the director directly owned 11,223 shares in the company, valued at $4,208,063.85. This represents a 5.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joan H. Gillman sold 325 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $114,478.00. Following the completion of the sale, the director owned 22,036 shares in the company, valued at $7,761,960.64. This represents a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,304 shares of company stock worth $14,766,679 in the last ninety days. Insiders own 2.80% of the company’s stock.

InterDigital Price Performance

Shares of IDCC stock opened at $363.74 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a twelve month low of $180.60 and a twelve month high of $412.60. The company has a market cap of $9.34 billion, a P/E ratio of 30.49 and a beta of 1.57. The business has a fifty day simple moving average of $339.93 and a 200 day simple moving average of $338.22.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. The firm had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business’s revenue for the quarter was down 37.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.15 earnings per share. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, sell-side analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IDCC. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Wall Street Zen cut shares of InterDigital from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Roth Mkm reissued a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Finally, UBS Group set a $425.00 price target on shares of InterDigital in a research note on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, InterDigital presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

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.