InterDigital, Inc. $IDCC Stake Lowered by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 46.6% during the 1st quarter, HoldingsChannel reports. The firm owned 9,033 shares of the Wireless communications provider’s stock after selling 7,871 shares during the period. Illinois Municipal Retirement Fund’s holdings in InterDigital were worth $2,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in InterDigital during the 4th quarter worth $26,000. Anchor Investment Management LLC bought a new stake in InterDigital in the first quarter valued at $30,000. Leonteq Securities AG bought a new stake in InterDigital in the fourth quarter valued at $35,000. Financial Consulate Inc. acquired a new position in shares of InterDigital during the fourth quarter valued at $41,000. Finally, Hantz Financial Services Inc. boosted 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 acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Transactions at InterDigital

In other news, Director John D. Jr. Markley sold 400 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director owned 11,735 shares in the company, valued at approximately $3,520,500. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the completion of the transaction, the director directly owned 4,608 shares in the company, valued at $1,274,757.12. This represents a 9.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,872 shares of company stock valued at $1,654,159 in the last quarter. 3.50% of the stock is owned by company insiders.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $260.45 on Monday. The stock has a fifty day moving average price of $270.11 and a two-hundred day moving average price of $314.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $6.73 billion, a P/E ratio of 24.52 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The company had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Research analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.70 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.1%. InterDigital’s payout ratio is 26.37%.

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.