InterDigital, Inc. $IDCC Shares Bought by Emerald Advisers LLC

Emerald Advisers LLC boosted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 86.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 104,065 shares of the Wireless communications provider’s stock after purchasing an additional 48,215 shares during the quarter. Emerald Advisers LLC’s holdings in InterDigital were worth $31,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IDCC. Kemnay Advisory Services Inc. purchased a new stake in shares of InterDigital in the 4th quarter valued at $26,000. Anchor Investment Management LLC purchased a new position in shares of InterDigital during the first quarter worth $30,000. Leonteq Securities AG purchased a new position in shares of InterDigital during the fourth quarter worth $35,000. Financial Consulate Inc. acquired a new position in InterDigital during the fourth quarter valued at $41,000. Finally, Hantz Financial Services Inc. lifted its position in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on IDCC. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $261.52 on Tuesday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 24.63 and a beta of 1.42. InterDigital, Inc. has a 12 month low of $213.06 and a 12 month high of $412.60. The firm’s 50 day simple moving average is $271.34 and its 200-day simple moving average is $316.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. During the same period in the previous year, the firm earned $3.45 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Analysts expect that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s payout ratio is presently 26.37%.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $286.00, for a total value of $429,000.00. Following the completion of the transaction, the chief technology officer owned 67,976 shares in the company, valued at approximately $19,441,136. This represents a 2.16% decrease in their ownership of the stock. The sale 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, Director Derek K. Aberle sold 522 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $144,406.08. Following the sale, the director directly owned 7,620 shares in the company, valued at approximately $2,107,996.80. The trade was a 6.41% 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. Insiders have sold 5,872 shares of company stock valued at $1,654,159 in the last ninety days. Company insiders own 3.50% 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.