Neumeier Poma Investment Counsel LLC Has $22.39 Million Stock Holdings in InterDigital, Inc. $IDCC

Neumeier Poma Investment Counsel LLC decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 27.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,319 shares of the Wireless communications provider’s stock after selling 27,105 shares during the quarter. InterDigital accounts for approximately 1.9% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 27th biggest position. Neumeier Poma Investment Counsel LLC’s holdings in InterDigital were worth $22,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd grew its holdings in shares of InterDigital by 186.8% during the third 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 in the last quarter. Leonteq Securities AG purchased a new position in shares of InterDigital during the fourth quarter valued at $35,000. Financial Consulate Inc. purchased a new position in shares of InterDigital during the fourth quarter valued at $41,000. Hantz Financial Services Inc. grew its holdings in shares of InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of InterDigital by 52.3% during the fourth quarter. Clearstead Advisors LLC now owns 198 shares of the Wireless communications provider’s stock valued at $63,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IDCC shares. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, InterDigital currently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Insiders Place Their Bets

In related news, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction 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 sale, the insider directly owned 25,889 shares in the company, valued at approximately $9,014,808.69. This represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the sale, the chief technology officer owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This represents a 2.03% 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. Corporate insiders own 2.80% of the company’s stock.

InterDigital Stock Performance

IDCC stock opened at $261.07 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 24.58 and a beta of 1.43. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60. The firm has a 50 day moving average of $304.96 and a two-hundred day moving average of $329.25.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. The company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.45 earnings per share. 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, equities analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a $0.70 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s dividend payout ratio is currently 26.37%.

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.