WBI Investments LLC Takes Position in InterDigital, Inc. $IDCC

WBI Investments LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 9,330 shares of the Wireless communications provider’s stock, valued at approximately $3,221,000. InterDigital comprises about 0.8% of WBI Investments LLC’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors have also modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new stake in InterDigital during the 2nd quarter valued at approximately $28,000. Root Financial Partners LLC acquired a new position in shares of InterDigital in the 3rd quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd boosted its stake in shares of InterDigital by 186.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 71 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of InterDigital during the third quarter worth approximately $49,000. Finally, Country Trust Bank bought a new stake in shares of InterDigital in the second quarter worth $56,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on IDCC. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. UBS Group set a $425.00 target price on shares of InterDigital in a research note on Monday, December 1st. Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, InterDigital has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Stock Performance

InterDigital stock opened at $351.33 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. InterDigital, Inc. has a 12 month low of $180.60 and a 12 month high of $412.60. The company has a fifty day moving average price of $345.77 and a two-hundred day moving average price of $344.56. The company has a market cap of $9.03 billion, a PE ratio of 29.45 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The company had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $155.57 million. During the same period in the prior year, the company earned $5.15 earnings per share. The firm’s revenue was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Insider Activity

In related news, Director John D. Jr. Markley sold 700 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $374.95, for a total transaction of $262,465.00. Following the sale, the director owned 11,223 shares in the company, valued at $4,208,063.85. This represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total value of $2,089,260.00. Following the completion of the transaction, the insider owned 25,889 shares of the company’s stock, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,054 shares of company stock valued at $16,777,327 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

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.