Wellington Management Group LLP Has $46.90 Million Holdings in InterDigital, Inc. $IDCC

Wellington Management Group LLP increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 34.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,631 shares of the Wireless communications provider’s stock after purchasing an additional 42,760 shares during the quarter. Wellington Management Group LLP’s holdings in InterDigital were worth $46,895,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Archer Investment Corp bought a new stake in shares of InterDigital during the 2nd quarter worth approximately $227,000. Kingsview Wealth Management LLC acquired a new position in InterDigital during the second quarter valued at approximately $887,000. Glenview Trust Co bought a new stake in InterDigital during the second quarter worth $453,000. United Capital Financial Advisors LLC acquired a new stake in shares of InterDigital in the 2nd quarter valued at $552,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of InterDigital in the 2nd quarter valued at $992,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of IDCC opened at $335.91 on Friday. InterDigital, Inc. has a 12-month low of $249.14 and a 12-month high of $412.60. The business has a 50-day simple moving average of $302.87 and a two-hundred day simple moving average of $311.43. 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 stock has a market cap of $8.67 billion, a PE ratio of 38.74 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. The firm 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 business’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period last year, the firm posted $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

Insider Activity

In related news, Director Derek K. Aberle sold 522 shares of the business’s stock in a transaction 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 sale, the director owned 7,620 shares of the company’s stock, valued at $2,107,996.80. The trade was a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. Gillman sold 300 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $331.06, for a total value of $99,318.00. Following the transaction, the director owned 22,736 shares of the company’s stock, valued at $7,526,980.16. This trade represents a 1.30% 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. Over the last ninety days, insiders sold 6,922 shares of company stock worth $2,047,012. Company insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings cut InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, InterDigital currently has a consensus rating of “Buy” and an average price target of $416.67.

InterDigital Company 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.