InterDigital, Inc. $IDCC Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 42.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,495 shares of the Wireless communications provider’s stock after selling 62,825 shares during the quarter. Principal Financial Group Inc.’s holdings in InterDigital were worth $25,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new position in shares of InterDigital during the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in shares of InterDigital in the 1st quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in shares of InterDigital in the 4th quarter worth approximately $35,000. Financial Consulate Inc. bought a new stake in shares of InterDigital in the 4th quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. lifted its stake in 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 purchasing an additional 92 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

InterDigital Trading Down 0.9%

Shares of NASDAQ IDCC opened at $258.18 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 24.31 and a beta of 1.42. The business has a fifty day simple moving average of $269.88 and a 200-day simple moving average of $313.94.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The firm had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.InterDigital’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business posted $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. Sell-side analysts predict that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

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

Insiders Place Their Bets

In related news, Director John D. Jr. Markley sold 400 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the transaction, the director owned 11,735 shares of the company’s stock, 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 hyperlink. 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 transaction, the director owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% 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. Insiders sold a total of 5,872 shares of company stock valued at $1,654,159 over the last 90 days. 3.50% of the stock is owned by corporate 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.