InterDigital, Inc. $IDCC Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 14.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 18,840 shares of the Wireless communications provider’s stock after selling 3,158 shares during the period. Y Intercept Hong Kong Ltd’s holdings in InterDigital were worth $5,690,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital during the 4th quarter valued at about $26,000. Leonteq Securities AG bought a new position in InterDigital in the fourth quarter worth about $35,000. Financial Consulate Inc. bought a new position in InterDigital in the fourth quarter worth about $41,000. Hantz Financial Services Inc. boosted its stake in InterDigital by 219.0% in 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. Finally, Greenline Wealth Management LLC bought a new position in shares of InterDigital during the fourth quarter valued at approximately $48,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of IDCC opened at $281.40 on Friday. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60. The stock’s fifty day moving average is $280.81 and its 200-day moving average is $319.04. 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 capitalization of $7.27 billion, a price-to-earnings ratio of 26.50 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.03. The business 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 quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 26.37%.

Insider Buying and Selling

In other InterDigital news, Director John A. Kritzmacher sold 365 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the sale, the director directly owned 16,359 shares in the company, valued at $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the transaction, the director directly owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,872 shares of company stock worth $1,695,109. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

IDCC has been the topic of a number of research reports. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, InterDigital has an average rating of “Moderate Buy” and a consensus price target of $416.67.

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.