Emerald Mutual Fund Advisers Trust Purchases 30,309 Shares of InterDigital, Inc. $IDCC

Emerald Mutual Fund Advisers Trust boosted its position in InterDigital, Inc. (NASDAQ:IDCC) by 99.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 60,676 shares of the Wireless communications provider’s stock after purchasing an additional 30,309 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in InterDigital were worth $18,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IDCC. Kemnay Advisory Services Inc. bought a new position in InterDigital during the 4th quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in shares of InterDigital in the 1st quarter worth about $30,000. Leonteq Securities AG purchased a new position in shares of InterDigital during the fourth quarter valued at approximately $35,000. Financial Consulate Inc. purchased a new position in InterDigital during the fourth quarter valued at $41,000. Finally, Hantz Financial Services Inc. boosted its stake in InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, InterDigital presently has an average rating of “Moderate Buy” and an average price target of $416.67.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $261.52 on Tuesday. The stock has a market capitalization of $6.76 billion, a P/E ratio of 24.63 and a beta of 1.42. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $271.34 and a two-hundred day simple moving average of $316.21.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data 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 business had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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. On average, analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio is 26.37%.

Insider Activity

In other InterDigital news, Director John D. Jr. Markley sold 400 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the sale, the director directly owned 11,735 shares of the company’s stock, valued at $3,520,500. The trade was a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $286.00, for a total value of $429,000.00. Following the completion of the transaction, the chief technology officer directly owned 67,976 shares in the company, valued at approximately $19,441,136. This trade represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,872 shares of company stock worth $1,654,159 in the last three months. Corporate insiders own 3.50% of the company’s stock.

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.