Reinhart Partners LLC. Buys 5,293 Shares of InterDigital, Inc. $IDCC

Reinhart Partners LLC. grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 417,639 shares of the Wireless communications provider’s stock after purchasing an additional 5,293 shares during the quarter. InterDigital comprises approximately 4.0% of Reinhart Partners LLC.’s portfolio, making the stock its 4th biggest holding. Reinhart Partners LLC.’s holdings in InterDigital were worth $132,973,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Leonteq Securities AG acquired a new position in shares of InterDigital in the fourth quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd increased its holdings in shares of InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 71 shares during the period. Financial Consulate Inc. acquired a new position in InterDigital during the fourth quarter worth $41,000. Hantz Financial Services Inc. grew its holdings in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 92 shares during the period. Finally, Headlands Technologies LLC grew its holdings in InterDigital by 47.9% during the second quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider’s stock worth $56,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Up 0.3%

InterDigital stock opened at $259.00 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 24.39 and a beta of 1.43. InterDigital, Inc. has a fifty-two week low of $213.06 and a fifty-two week high of $412.60. The stock’s fifty day moving average is $308.28 and its two-hundred day moving average is $331.16.

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

InterDigital Announces Dividend

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

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the sale, the insider 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction on 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 owned 72,449 shares in the company, valued at $22,698,271.70. This represents a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,500 shares of company stock worth $2,927,310 in the last three months. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.