Man Group plc Purchases New Stake in InterDigital, Inc. $IDCC

Man Group plc bought a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,242 shares of the Wireless communications provider’s stock, valued at approximately $3,466,000.

Several other institutional investors also recently made changes to their positions in IDCC. Keating Financial Advisory Services Inc. purchased a new stake in InterDigital during the second quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new stake in InterDigital in the fourth quarter valued at $26,000. Anchor Investment Management LLC purchased a new position in shares of InterDigital in the first quarter valued at $30,000. Leonteq Securities AG purchased a new position in shares of InterDigital in the fourth quarter valued at $35,000. Finally, Hantz Financial Services Inc. raised its stake in shares of InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after buying an additional 92 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Price Performance

Shares of InterDigital stock opened at $335.03 on Tuesday. The business’s fifty day moving average price is $299.69 and its 200 day moving average price is $312.20. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.65 billion, a P/E ratio of 38.64 and a beta of 1.43.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The company had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same quarter in the prior year, the business earned $6.52 earnings per share. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. As a group, research analysts anticipate that InterDigital, Inc. will post 9.76 earnings per share for the current year.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio is currently 32.30%.

Insider Transactions at InterDigital

In other news, Director John D. Jr. Markley sold 400 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the sale, the director owned 11,735 shares of the company’s stock, valued at approximately $3,520,500. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Samir Armaly sold 470 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $130,020.80. Following the completion of the sale, the director directly owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. This represents a 9.26% 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 sold a total of 7,672 shares of company stock valued at $2,240,797 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on IDCC shares. Weiss Ratings cut InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $416.67.

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.