Empirical Asset Management LLC Purchases Shares of 2,011 InterDigital, Inc. $IDCC

Empirical Asset Management LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,011 shares of the Wireless communications provider’s stock, valued at approximately $569,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kemnay Advisory Services Inc. bought a new position in shares of InterDigital in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in InterDigital during the first quarter worth $30,000. Leonteq Securities AG purchased a new stake in InterDigital in the 4th quarter valued at $35,000. Hantz Financial Services Inc. raised its position in InterDigital by 219.0% in the 4th 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 during the last quarter. Finally, Greenline Wealth Management LLC bought a new position in InterDigital during the 4th quarter valued at $48,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 522 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $144,406.08. Following the completion of the transaction, the director owned 7,620 shares in the company, valued at $2,107,996.80. This trade represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. Gillman sold 300 shares of InterDigital stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $331.06, for a total transaction of $99,318.00. Following the completion of the transaction, the director owned 22,736 shares of the company’s stock, valued at $7,526,980.16. The trade was a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 7,672 shares of company stock valued at $2,240,797. Insiders own 3.50% of the company’s stock.

InterDigital Stock Down 3.6%

InterDigital stock opened at $335.77 on Wednesday. The firm has a 50 day moving average price of $289.72 and a 200-day moving average price of $312.23. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60. The company has a market capitalization of $8.67 billion, a P/E ratio of 38.73 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. The firm had revenue of $260.17 million for 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 business’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, equities analysts predict that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio is 32.30%.

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.