Principal Financial Group Inc. Acquires 6,494 Shares of InterDigital, Inc. $IDCC

Principal Financial Group Inc. increased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 146,320 shares of the Wireless communications provider’s stock after buying an additional 6,494 shares during the quarter. Principal Financial Group Inc.’s holdings in InterDigital were worth $46,585,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IDCC. M&T Bank Corp increased its holdings in InterDigital by 14,563.6% in the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock worth $34,781,000 after buying an additional 108,499 shares in the last quarter. Ameriprise Financial Inc. increased its position in InterDigital by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after acquiring an additional 83,221 shares during the last quarter. 1900 Wealth Management LLC purchased a new stake in InterDigital during the fourth quarter valued at $14,339,000. TD Asset Management Inc purchased a new stake in InterDigital during the third quarter valued at $14,625,000. Finally, Invesco Ltd. increased its position in InterDigital by 12.6% during the third quarter. Invesco Ltd. now owns 361,216 shares of the Wireless communications provider’s stock valued at $124,703,000 after acquiring an additional 40,335 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director Joan H. Gillman sold 325 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total transaction of $114,478.00. Following the completion of the sale, the director owned 22,036 shares of the company’s stock, valued at approximately $7,761,960.64. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the sale, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This represents a 2.03% decrease in their position. 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 have sold a total of 17,997 shares of company stock valued at $6,346,194 in the last ninety days. 2.80% of the stock is currently owned by company insiders.

InterDigital Stock Performance

NASDAQ:IDCC opened at $279.61 on Friday. The stock has a 50-day simple moving average of $342.65 and a two-hundred day simple moving average of $344.77. InterDigital, Inc. has a 52-week low of $205.78 and a 52-week high of $412.60. 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 $7.23 billion, a PE ratio of 26.33 and a beta of 1.50.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. During the same quarter in the previous year, the company posted $3.45 earnings per share. InterDigital’s revenue for the quarter 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. Analysts forecast that InterDigital, Inc. will post 7.59 EPS for the current year.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, April 8th. InterDigital’s payout ratio is currently 26.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IDCC shares. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, InterDigital presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

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.