Kingsview Wealth Management LLC Boosts Position in InterDigital, Inc. $IDCC

Kingsview Wealth Management LLC raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 276.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,063 shares of the Wireless communications provider’s stock after buying an additional 8,861 shares during the quarter. Kingsview Wealth Management LLC’s holdings in InterDigital were worth $3,841,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IDCC. Geode Capital Management LLC grew its holdings in shares of InterDigital by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after purchasing an additional 123,686 shares in the last quarter. M&T Bank Corp grew its holdings in shares of InterDigital by 14,563.6% during the fourth quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock worth $34,781,000 after purchasing an additional 108,499 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of InterDigital by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after purchasing an additional 83,221 shares in the last quarter. 1900 Wealth Management LLC purchased a new position in shares of InterDigital during the fourth quarter worth about $14,339,000. Finally, TD Asset Management Inc purchased a new position in shares of InterDigital during the third quarter worth about $14,625,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

IDCC has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Finally, Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Insider Buying and Selling

In other news, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the completion of the transaction, the insider owned 25,889 shares in the company, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the sale, the chief technology officer owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,500 shares of company stock worth $2,927,310. Corporate insiders own 2.80% of the company’s stock.

InterDigital Price Performance

IDCC opened at $252.09 on Friday. The stock’s 50 day moving average price is $310.17 and its 200-day moving average price is $332.19. 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 stock has a market capitalization of $6.51 billion, a PE ratio of 23.74 and a beta of 1.50. InterDigital, Inc. has a 52-week low of $210.88 and a 52-week high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) 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 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 company earned $3.45 earnings per share. The firm’s quarterly revenue 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, equities research analysts predict that InterDigital, Inc. will post 7.59 EPS for the current year.

InterDigital Dividend Announcement

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

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.