Weiss Asset Management LP Acquires Shares of 2,268 InterDigital, Inc. $IDCC

Weiss Asset Management LP bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,268 shares of the Wireless communications provider’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds have also made changes to their positions in IDCC. Kemnay Advisory Services Inc. purchased a new position in InterDigital in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new stake in InterDigital during the 1st quarter worth $30,000. Leonteq Securities AG acquired a new stake in InterDigital during the 4th quarter worth $35,000. Financial Consulate Inc. purchased a new stake in InterDigital in the fourth quarter valued at $41,000. Finally, Hantz Financial Services Inc. lifted its position 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 last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In other InterDigital news, Director Samir Armaly sold 470 shares of the business’s 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $286.00, for a total transaction of $429,000.00. Following the transaction, the chief technology officer owned 67,976 shares of the company’s stock, valued at approximately $19,441,136. The trade was a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,872 shares of company stock worth $1,654,159 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four equities research 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Stock Performance

NASDAQ IDCC opened at $259.26 on Tuesday. The firm has a market cap of $6.70 billion, a P/E ratio of 24.41 and a beta of 1.42. InterDigital, Inc. has a 52-week low of $213.06 and a 52-week high of $412.60. The business’s 50-day moving average price is $269.15 and its 200 day moving average price is $311.75. 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 (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 analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same period last year, the firm earned $3.45 EPS. The firm’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. On average, equities research analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.

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.