Pacer Advisors Inc. Lowers Stock Position in InterDigital, Inc. $IDCC

Pacer Advisors Inc. lessened its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 84.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,366 shares of the Wireless communications provider’s stock after selling 58,293 shares during the quarter. Pacer Advisors Inc.’s holdings in InterDigital were worth $3,131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IDCC. Kemnay Advisory Services Inc. acquired a new stake in shares of InterDigital during the 4th quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in InterDigital in the 1st quarter worth about $30,000. Leonteq Securities AG acquired a new position in InterDigital in the 4th quarter worth about $35,000. Financial Consulate Inc. purchased a new position in InterDigital during the fourth quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. boosted its position in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Down 0.6%

IDCC stock opened at $328.41 on Friday. InterDigital, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $275.84 and a 200-day simple moving average of $311.31. The stock has a market capitalization of $8.48 billion, a P/E ratio of 37.88 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same period last year, the company posted $6.52 EPS. InterDigital’s quarterly revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Equities analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is 32.30%.

Wall Street Analyst Weigh In

Several analysts have commented on IDCC shares. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $416.67.

Insiders Place Their Bets

In other news, Director John D. Jr. Markley sold 400 shares of InterDigital stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the sale, the director directly owned 11,735 shares of the company’s stock, valued at $3,520,500. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the business’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 sale, the director owned 16,359 shares of the company’s stock, valued at $4,525,553.76. The trade was a 2.18% 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. Over the last 90 days, insiders have sold 5,872 shares of company stock valued at $1,654,159. 3.50% of the stock is owned by corporate insiders.

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.