Reinhart Partners LLC. Boosts Stake in InterDigital, Inc. $IDCC

Reinhart Partners LLC. increased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 9.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 460,404 shares of the Wireless communications provider’s stock after acquiring an additional 38,115 shares during the period. InterDigital makes up about 3.0% of Reinhart Partners LLC.’s portfolio, making the stock its 11th largest holding. Reinhart Partners LLC.’s holdings in InterDigital were worth $130,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in InterDigital by 31.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 12,777 shares of the Wireless communications provider’s stock worth $3,618,000 after purchasing an additional 3,049 shares during the period. NewEdge Advisors LLC grew its holdings in InterDigital by 54.9% in the first quarter. NewEdge Advisors LLC now owns 9,239 shares of the Wireless communications provider’s stock valued at $2,790,000 after purchasing an additional 3,274 shares during the period. Bank of America Corp DE grew its holdings in InterDigital by 31.3% in the first quarter. Bank of America Corp DE now owns 266,724 shares of the Wireless communications provider’s stock valued at $80,551,000 after purchasing an additional 63,524 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of InterDigital by 58.8% in the first quarter. EverSource Wealth Advisors LLC now owns 397 shares of the Wireless communications provider’s stock valued at $120,000 after buying an additional 147 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of InterDigital by 18.6% in the first quarter. California State Teachers Retirement System now owns 30,175 shares of the Wireless communications provider’s stock valued at $9,113,000 after buying an additional 4,737 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

IDCC has been the topic of a number of recent analyst reports. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $416.67.

InterDigital Stock Up 4.9%

Shares of NASDAQ:IDCC opened at $344.56 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $277.69 and a two-hundred day moving average of $311.54. The stock has a market cap of $8.89 billion, a P/E ratio of 39.74 and a beta of 1.43. InterDigital, Inc. has a 52-week low of $249.14 and a 52-week high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, topping the consensus estimate of $0.90 by $3.72. The business had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.52 EPS. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, research analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. InterDigital’s payout ratio is 32.30%.

Insider Buying and Selling

In other news, Director John A. Kritzmacher sold 365 shares of InterDigital stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $100,973.60. Following the sale, the director owned 16,359 shares of the company’s stock, valued at approximately $4,525,553.76. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the transaction, the director owned 7,620 shares in the company, valued at $2,107,996.80. This represents a 6.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,372 shares of company stock worth $2,141,479 over the last ninety days. 3.50% of the stock is currently owned by 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.