VIRGINIA RETIREMENT SYSTEMS ET Al Grows Holdings in InterDigital, Inc. $IDCC

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 61.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,830 shares of the Wireless communications provider’s stock after buying an additional 2,230 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in InterDigital were worth $1,856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reinhart Partners LLC. increased its stake in InterDigital by 0.7% during the 3rd quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock worth $142,360,000 after buying an additional 3,030 shares during the period. Ameriprise Financial Inc. increased its stake in InterDigital by 18.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 368,323 shares of the Wireless communications provider’s stock worth $127,202,000 after buying an additional 58,660 shares during the period. Invesco Ltd. increased its stake in InterDigital by 12.6% during the 3rd quarter. Invesco Ltd. now owns 361,216 shares of the Wireless communications provider’s stock worth $124,703,000 after buying an additional 40,335 shares during the period. Envestnet Asset Management Inc. increased its position in shares of InterDigital by 0.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 151,079 shares of the Wireless communications provider’s stock worth $52,157,000 after purchasing an additional 680 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of InterDigital by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock worth $46,585,000 after purchasing an additional 6,494 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $260.37 on Friday. 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, Inc. has a fifty-two week low of $205.78 and a fifty-two week high of $412.60. The firm has a 50-day simple moving average of $330.15 and a 200 day simple moving average of $340.67. The company has a market cap of $6.73 billion, a PE ratio of 24.52 and a beta of 1.50.

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

InterDigital Dividend Announcement

The company also recently announced 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. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, April 8th. InterDigital’s payout ratio is presently 26.37%.

Analyst Upgrades and Downgrades

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

Insider Transactions at InterDigital

In other InterDigital news, 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 transaction of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at $22,698,271.70. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 25,889 shares of the company’s stock, valued at $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,967 shares of company stock valued at $3,098,167 over the last three months. 2.80% of the stock is currently owned by company insiders.

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.