Janus Henderson Group PLC Has $18.84 Million Holdings in InterDigital, Inc. $IDCC

Janus Henderson Group PLC decreased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,378 shares of the Wireless communications provider’s stock after selling 2,229 shares during the quarter. Janus Henderson Group PLC owned 0.24% of InterDigital worth $18,839,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IDCC. Price T Rowe Associates Inc. MD raised its stake in shares of InterDigital by 62.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock worth $707,477,000 after purchasing an additional 854,845 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of InterDigital by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after purchasing an additional 123,686 shares in the last quarter. Invesco Ltd. boosted its position in shares of InterDigital by 24.8% during the fourth quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after buying an additional 89,647 shares during the last quarter. Reinhart Partners LLC. boosted its position in shares of InterDigital by 1.3% during the fourth quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock valued at $132,973,000 after buying an additional 5,293 shares during the last quarter. Finally, Norges Bank bought a new stake in InterDigital during the fourth quarter worth $128,918,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In other news, Director John D. Jr. Markley sold 400 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value of $120,000.00. Following the sale, the director owned 11,735 shares of the company’s stock, valued at $3,520,500. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $100,973.60. Following the sale, the director owned 16,359 shares in the company, valued at $4,525,553.76. The trade was a 2.18% 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. Over the last three months, insiders have sold 5,872 shares of company stock valued at $1,654,159. 3.50% of the stock is currently owned by insiders.

InterDigital Stock Up 1.4%

Shares of NASDAQ IDCC opened at $309.23 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $7.98 billion, a PE ratio of 35.67 and a beta of 1.43. InterDigital, Inc. has a one year low of $249.14 and a one year high of $412.60. The business’s fifty day moving average price is $271.52 and its 200-day moving average price is $310.96.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company had revenue of $260.17 million during the quarter, compared to analyst estimates of $143.10 million. During the same quarter last year, the firm posted $6.52 EPS. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. On average, equities research analysts anticipate that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were paid a $0.70 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. InterDigital’s dividend payout ratio (DPR) is presently 32.30%.

Wall Street Analysts Forecast Growth

IDCC has been the topic of several recent analyst reports. Weiss Ratings cut InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Zacks Research upgraded shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $416.67.

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.