First Trust Advisors LP Lowers Stake in InterDigital, Inc. $IDCC

First Trust Advisors LP lessened its stake in InterDigital, Inc. (NASDAQ:IDCC) by 5.0% in the 3rd quarter, Holdings Channel reports. The firm owned 453,773 shares of the Wireless communications provider’s stock after selling 24,080 shares during the period. First Trust Advisors LP’s holdings in InterDigital were worth $156,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IDCC. Orion Porfolio Solutions LLC lifted its stake in InterDigital by 14.4% during the third quarter. Orion Porfolio Solutions LLC now owns 4,578 shares of the Wireless communications provider’s stock worth $1,580,000 after purchasing an additional 577 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of InterDigital in the third quarter valued at $114,000. Victory Capital Management Inc. raised its holdings in shares of InterDigital by 91.6% in the 3rd quarter. Victory Capital Management Inc. now owns 41,721 shares of the Wireless communications provider’s stock valued at $14,403,000 after buying an additional 19,947 shares during the period. Kennondale Capital Management LLC raised its holdings in shares of InterDigital by 43.3% in the 3rd quarter. Kennondale Capital Management LLC now owns 4,759 shares of the Wireless communications provider’s stock valued at $1,643,000 after buying an additional 1,438 shares during the period. Finally, Staley Capital Advisers Inc. acquired a new position in InterDigital during the 3rd quarter worth about $219,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In other news, CEO Lawrence Liren Chen sold 5,958 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the completion of the sale, the chief executive officer owned 153,077 shares in the company, valued at approximately $50,151,086.74. The trade was a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Brezski sold 6,981 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $330.49, for a total transaction of $2,307,150.69. Following the completion of the transaction, the chief financial officer owned 83,374 shares of the company’s stock, valued at approximately $27,554,273.26. The trade was a 7.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,304 shares of company stock worth $15,134,779 over the last three months. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. UBS Group set a $425.00 price objective on shares of InterDigital in a research note on Monday, December 1st. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Stock Down 1.8%

Shares of NASDAQ IDCC opened at $357.06 on Friday. The business has a 50-day moving average of $340.46 and a two-hundred day moving average of $339.37. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 29.93 and a beta of 1.57. InterDigital, Inc. has a 1 year low of $180.60 and a 1 year high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. The business had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The business’s revenue for the quarter was down 37.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

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.