InterDigital, Inc. $IDCC Shares Sold by Permit Capital LLC

Permit Capital LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 17.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 41,672 shares of the Wireless communications provider’s stock after selling 8,917 shares during the period. InterDigital makes up about 4.5% of Permit Capital LLC’s holdings, making the stock its 4th biggest holding. Permit Capital LLC’s holdings in InterDigital were worth $14,386,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Moran Wealth Management LLC grew its position in InterDigital by 0.6% in the 3rd 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 period. CoreCap Advisors LLC lifted its stake in shares of InterDigital by 15.6% in the third 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 in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of InterDigital by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider’s stock valued at $2,554,000 after buying an additional 41 shares during the last quarter. Creative Planning increased its position in shares of InterDigital by 0.3% during the second quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock worth $3,441,000 after acquiring an additional 46 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in shares of InterDigital by 4.3% in the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock worth $386,000 after acquiring an additional 46 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

InterDigital Price Performance

InterDigital stock opened at $362.96 on Wednesday. InterDigital, Inc. has a 52 week low of $180.60 and a 52 week high of $412.60. The company’s 50 day moving average price is $333.76 and its two-hundred day moving average price is $334.16. The stock has a market cap of $9.32 billion, a P/E ratio of 30.42 and a beta of 1.58. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01.

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

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.70 per share. 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 (DPR) is currently 23.47%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group set a $425.00 price target on shares of InterDigital in a research report on Monday, December 1st. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Roth Mkm reissued a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $416.67.

Insider Activity at InterDigital

In related news, Director Joan H. Gillman sold 325 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $114,478.00. Following the completion of the sale, the director owned 22,036 shares in the company, valued at approximately $7,761,960.64. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital stock in a transaction dated 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 in the company, valued at approximately $50,151,086.74. This represents a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 43,837 shares of company stock worth $14,595,823. 2.30% of the stock is owned by company 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.