Nicholas Investment Partners LP Invests $2.92 Million in InterDigital, Inc. $IDCC

Nicholas Investment Partners LP acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,300 shares of the Wireless communications provider’s stock, valued at approximately $2,916,000.

Several other hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in InterDigital by 62.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after buying an additional 854,845 shares in the last quarter. Norges Bank bought a new position in shares of InterDigital in the 4th quarter valued at about $128,918,000. Royal Bank of Canada grew its holdings in shares of InterDigital by 375.7% in the 1st quarter. Royal Bank of Canada now owns 199,655 shares of the Wireless communications provider’s stock valued at $60,297,000 after acquiring an additional 157,687 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of InterDigital in the second quarter valued at about $42,350,302,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of InterDigital by 135.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 219,388 shares of the Wireless communications provider’s stock valued at $66,255,000 after acquiring an additional 126,328 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

IDCC opened at $341.09 on Tuesday. InterDigital, Inc. has a 52-week low of $249.14 and a 52-week high of $412.60. The firm has a market capitalization of $8.80 billion, a PE ratio of 39.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The business’s 50-day simple moving average is $295.06 and its 200 day simple moving average is $312.65.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping 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 business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $143.10 million. During the same period in the previous year, the company earned $6.52 earnings per share. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, sell-side analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital’s payout ratio is currently 32.30%.

Wall Street Analysts Forecast Growth

IDCC has been the topic of a number of research analyst reports. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings lowered InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $416.67.

Insider Activity

In other news, Director Samir Armaly sold 470 shares of the firm’s stock in a transaction that occurred 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 owned 4,608 shares in the company, valued at approximately $1,274,757.12. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $144,406.08. Following the transaction, the director directly owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. This trade represents a 6.41% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 7,672 shares of company stock valued at $2,240,797. Corporate insiders own 3.50% of the company’s stock.

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.