Hsbc Holdings PLC Has $5.82 Million Stake in InterDigital, Inc. $IDCC

Hsbc Holdings PLC lifted its position in InterDigital, Inc. (NASDAQ:IDCC) by 2,027.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,170 shares of the Wireless communications provider’s stock after buying an additional 17,316 shares during the quarter. Hsbc Holdings PLC’s holdings in InterDigital were worth $5,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in InterDigital by 431.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider’s stock valued at $76,000 after acquiring an additional 194 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of InterDigital by 2,700.1% during the 4th quarter. Pacer Advisors Inc. now owns 68,659 shares of the Wireless communications provider’s stock worth $21,860,000 after purchasing an additional 66,207 shares during the last quarter. Invesco Ltd. raised its holdings in shares of InterDigital by 24.8% during the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after purchasing an additional 89,647 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of InterDigital by 10.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,483 shares of the Wireless communications provider’s stock valued at $1,109,000 after purchasing an additional 316 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of InterDigital in the 4th quarter valued at $940,000. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $276.36 on Friday. The company has a market capitalization of $7.14 billion, a PE ratio of 26.02 and a beta of 1.43. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The company’s fifty day moving average price is $290.07 and its 200 day moving average price is $321.76.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period 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. As a group, analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 1.0%. InterDigital’s dividend payout ratio is presently 26.37%.

Insider Activity

In other news, Director John D. Jr. Markley sold 400 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director directly owned 11,735 shares in the company, valued at $3,520,500. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock in a transaction that occurred on 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 $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 have sold 5,872 shares of company stock worth $1,695,109 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, InterDigital presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital 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.