404,918 Shares in InterDigital, Inc. $IDCC Bought by Norges Bank

Norges Bank bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 404,918 shares of the Wireless communications provider’s stock, valued at approximately $128,918,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fort Sheridan Advisors LLC lifted its holdings in InterDigital by 13.1% during the 4th quarter. Fort Sheridan Advisors LLC now owns 896 shares of the Wireless communications provider’s stock worth $285,000 after buying an additional 104 shares during the last quarter. Future Fund LLC increased its holdings in shares of InterDigital by 40.8% in the 4th quarter. Future Fund LLC now owns 8,015 shares of the Wireless communications provider’s stock valued at $2,552,000 after acquiring an additional 2,324 shares during the last quarter. Intech Investment Management LLC raised its position in shares of InterDigital by 39.9% during the 4th quarter. Intech Investment Management LLC now owns 25,678 shares of the Wireless communications provider’s stock worth $8,175,000 after acquiring an additional 7,319 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of InterDigital by 276.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 12,063 shares of the Wireless communications provider’s stock worth $3,841,000 after acquiring an additional 8,861 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in InterDigital by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after purchasing an additional 123,686 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

InterDigital Trading Up 1.7%

Shares of InterDigital stock opened at $261.07 on Friday. 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 company has a market capitalization of $6.75 billion, a P/E ratio of 24.58 and a beta of 1.43. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. The company’s fifty day moving average is $304.96 and its two-hundred day moving average is $329.25.

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

InterDigital Dividend Announcement

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

Insider Buying and Selling

In related news, insider Joshua D. Schmidt sold 6,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the sale, the insider directly owned 25,889 shares of the company’s stock, valued at $9,014,808.69. This trade represents a 18.82% 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. Also, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction on Monday, April 6th. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the transaction, the chief technology officer owned 72,449 shares in the company, valued at approximately $22,698,271.70. This trade 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. 2.80% of the stock is currently owned by company insiders.

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.