TD Asset Management Inc Takes Position in InterDigital, Inc. $IDCC

TD Asset Management Inc purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 42,362 shares of the Wireless communications provider’s stock, valued at approximately $14,625,000. TD Asset Management Inc owned 0.16% of InterDigital at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wedge Capital Management L L P NC bought a new stake in shares of InterDigital during the third quarter worth $67,282,000. Bank of Montreal Can increased its holdings in InterDigital by 0.8% during the 2nd quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock worth $24,491,000 after purchasing an additional 911 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of InterDigital by 7.4% in the second quarter. Prudential Financial Inc. now owns 26,993 shares of the Wireless communications provider’s stock valued at $6,053,000 after purchasing an additional 1,863 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of InterDigital by 144.3% in the third quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock valued at $4,158,000 after purchasing an additional 7,113 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new position in shares of InterDigital during the second quarter worth about $224,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Down 2.3%

Shares of NASDAQ:IDCC opened at $366.53 on Monday. InterDigital, Inc. has a 52-week low of $180.60 and a 52-week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $9.42 billion, a P/E ratio of 30.72 and a beta of 1.57. The company has a 50-day simple moving average of $336.52 and a 200 day simple moving average of $336.31.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. During the same quarter in the previous year, the business earned $5.15 earnings per share. The business’s revenue was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Sell-side analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is currently 23.47%.

Insiders Place Their Bets

In related news, Director John A. Kritzmacher sold 1,250 shares of InterDigital stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total transaction of $413,750.00. Following the completion of the sale, the director owned 15,815 shares of the company’s stock, valued at approximately $5,234,765. The trade was a 7.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lawrence Liren Chen sold 5,958 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the completion of the transaction, the chief executive officer directly owned 153,077 shares in the company, valued at approximately $50,151,086.74. This represents a 3.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 43,837 shares of company stock valued at $14,595,823 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on IDCC. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Roth Mkm restated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. UBS Group set a $425.00 price objective on shares of InterDigital in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded InterDigital from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, InterDigital currently has a consensus 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.