New York Life Investment Management LLC Buys New Shares in InterDigital, Inc. $IDCC

New York Life Investment Management LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,371 shares of the Wireless communications provider’s stock, valued at approximately $755,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. grew its holdings in shares of InterDigital by 18.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 368,323 shares of the Wireless communications provider’s stock valued at $127,202,000 after purchasing an additional 58,660 shares during the last quarter. Invesco Ltd. grew its holdings in shares of InterDigital by 12.6% during the 3rd quarter. Invesco Ltd. now owns 361,216 shares of the Wireless communications provider’s stock valued at $124,703,000 after purchasing an additional 40,335 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of InterDigital by 0.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 151,079 shares of the Wireless communications provider’s stock valued at $52,157,000 after purchasing an additional 680 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of InterDigital by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 146,320 shares of the Wireless communications provider’s stock valued at $46,585,000 after purchasing an additional 6,494 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of InterDigital by 32.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 130,488 shares of the Wireless communications provider’s stock valued at $45,048,000 after purchasing an additional 31,898 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Insider Activity

In other news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the sale, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at approximately $22,698,271.70. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the completion of the sale, the insider directly owned 25,889 shares of the company’s stock, valued at approximately $9,014,808.69. This represents a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,967 shares of company stock valued at $3,098,167. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

IDCC has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, InterDigital presently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Trading Up 0.4%

NASDAQ:IDCC opened at $264.79 on Wednesday. The company has a 50-day moving average price of $326.31 and a 200-day moving average price of $338.75. InterDigital, Inc. has a 12 month low of $205.78 and a 12 month high of $412.60. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 24.93 and a beta of 1.50.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The firm had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same period last year, the company posted $3.45 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities analysts predict that InterDigital, Inc. will post 7.59 EPS for the current year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, April 8th. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.

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.