Vanguard Group Inc. Has $1.15 Billion Stock Holdings in InterDigital, Inc. $IDCC

Vanguard Group Inc. decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 1.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,326,113 shares of the Wireless communications provider’s stock after selling 45,521 shares during the period. Vanguard Group Inc. owned about 12.92% of InterDigital worth $1,148,274,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Moran Wealth Management LLC raised its holdings in shares of InterDigital by 0.6% in the third quarter. Moran Wealth Management LLC now owns 4,751 shares of the Wireless communications provider’s stock valued at $1,640,000 after purchasing an additional 29 shares during the last quarter. CoreCap Advisors LLC increased its stake in InterDigital by 15.6% in the 3rd quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock valued at $85,000 after buying an additional 33 shares during the last quarter. Teacher Retirement System of Texas lifted its position in InterDigital by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider’s stock worth $2,554,000 after buying an additional 41 shares in the last quarter. Creative Planning boosted its stake in shares of InterDigital by 0.3% during the 2nd quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock worth $3,441,000 after buying an additional 46 shares during the last quarter. Finally, Archer Investment Corp boosted its stake in shares of InterDigital by 4.3% during the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock worth $386,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Trading Up 2.9%

Shares of InterDigital stock opened at $358.50 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day simple moving average of $333.45 and a two-hundred day simple moving average of $332.42. InterDigital, Inc. has a 1 year low of $180.60 and a 1 year high of $412.60. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 30.05 and a beta of 1.58.

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

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital’s dividend payout ratio is presently 23.47%.

Analyst Ratings Changes

Several research firms recently issued reports on IDCC. UBS Group set a $425.00 target price on InterDigital in a report on Monday, December 1st. Wall Street Zen cut InterDigital from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Roth Mkm restated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Finally, Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Insider Transactions at InterDigital

In related news, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital stock in a transaction that occurred on Tuesday, January 27th. The stock was 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 directly owned 153,077 shares of the company’s stock, valued at approximately $50,151,086.74. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard Brezski sold 6,981 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $330.49, for a total value of $2,307,150.69. Following the transaction, the chief financial officer owned 83,374 shares in the company, valued at $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. Over the last quarter, insiders have sold 45,087 shares of company stock worth $15,029,098. Company insiders own 2.80% of the company’s stock.

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.