InterDigital, Inc. $IDCC Shares Acquired by Inceptionr LLC

Inceptionr LLC grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 225.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,164 shares of the Wireless communications provider’s stock after purchasing an additional 2,191 shares during the period. Inceptionr LLC’s holdings in InterDigital were worth $956,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Gibbs Wealth Management lifted its position in InterDigital by 64.9% in the first quarter. Gibbs Wealth Management now owns 4,987 shares of the Wireless communications provider’s stock valued at $1,506,000 after acquiring an additional 1,963 shares during the last quarter. Cetera Investment Advisers boosted its stake in InterDigital by 5.5% in the first quarter. Cetera Investment Advisers now owns 6,706 shares of the Wireless communications provider’s stock valued at $2,025,000 after acquiring an additional 352 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of InterDigital by 68.4% during the first quarter. NewEdge Wealth LLC now owns 13,783 shares of the Wireless communications provider’s stock worth $4,163,000 after purchasing an additional 5,599 shares during the last quarter. Florida Financial Advisors LLC grew its holdings in shares of InterDigital by 5.6% during the first quarter. Florida Financial Advisors LLC now owns 1,631 shares of the Wireless communications provider’s stock worth $493,000 after purchasing an additional 86 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of InterDigital by 126.1% during the first quarter. Parallel Advisors LLC now owns 416 shares of the Wireless communications provider’s stock worth $126,000 after purchasing an additional 232 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director John A. Kritzmacher sold 365 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 $100,973.60. Following the completion of the sale, the director owned 16,359 shares in the company, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $144,406.08. Following the transaction, the director directly owned 7,620 shares in the company, valued at approximately $2,107,996.80. This represents a 6.41% 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 a total of 5,872 shares of company stock valued at $1,654,159 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $258.30 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.67 billion, a PE ratio of 24.32 and a beta of 1.42. The company’s 50 day simple moving average is $269.24 and its 200-day simple moving average is $312.26. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60.

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 for the quarter, compared to analysts’ expectations of $196.85 million. During the same period in the previous year, the company posted $3.45 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

About InterDigital

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.