Argos Wealth Advisors LLC Takes $772,000 Position in InterDigital, Inc. $IDCC

Argos Wealth Advisors LLC bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,425 shares of the Wireless communications provider’s stock, valued at approximately $772,000.

A number of other hedge funds also recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in shares of InterDigital during the third quarter worth $30,000. Aster Capital Management DIFC Ltd raised its holdings in shares of InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 71 shares in the last quarter. Financial Consulate Inc. purchased a new stake in shares of InterDigital during the fourth quarter worth $41,000. Spire Wealth Management purchased a new stake in shares of InterDigital during the third quarter worth $49,000. Finally, Headlands Technologies LLC increased its position in InterDigital by 47.9% during the second quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock worth $56,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 0.1%

NASDAQ IDCC opened at $269.82 on Wednesday. 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 50-day simple moving average of $336.61 and a 200 day simple moving average of $342.74. InterDigital, Inc. has a twelve month low of $205.78 and a twelve month high of $412.60. The stock has a market cap of $6.97 billion, a PE ratio of 25.41 and a beta of 1.50.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. The firm had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.45 earnings per share. 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, research analysts forecast that InterDigital, Inc. will post 7.59 EPS for the current year.

InterDigital Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the transaction, the chief technology officer owned 72,449 shares in the company, valued at approximately $22,698,271.70. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the transaction, the insider owned 25,889 shares of the company’s stock, valued at $9,014,808.69. This trade represents a 18.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,967 shares of company stock valued at $3,098,167. Corporate insiders own 2.30% of the company’s stock.

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.