State of Wyoming Invests $594,000 in InterDigital, Inc. $IDCC

State of Wyoming purchased a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,097 shares of the Wireless communications provider’s stock, valued at approximately $594,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in InterDigital during the fourth quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in shares of InterDigital in the 1st quarter worth $30,000. Leonteq Securities AG acquired a new stake in shares of InterDigital in the 4th quarter worth $35,000. Hantz Financial Services Inc. raised its holdings in shares of InterDigital by 219.0% during the 4th 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, Greenline Wealth Management LLC purchased a new position in shares of InterDigital during the 4th quarter worth $48,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

IDCC has been the subject of a number of analyst reports. Weiss Ratings lowered shares of InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $416.67.

Insiders Place Their Bets

In related news, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $324.88, for a total transaction of $487,320.00. Following the transaction, the chief technology officer owned 66,516 shares of the company’s stock, valued at approximately $21,609,718.08. This represents a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joan H. Gillman sold 300 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $331.06, for a total value of $99,318.00. Following the transaction, the director owned 22,736 shares of the company’s stock, valued at $7,526,980.16. This trade represents a 1.30% 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. In the last three months, insiders sold 7,672 shares of company stock valued at $2,240,797. Insiders own 3.50% of the company’s stock.

InterDigital Stock Performance

NASDAQ IDCC opened at $343.65 on Monday. The stock has a fifty day simple moving average of $286.29 and a 200-day simple moving average of $312.10. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The stock has a market cap of $8.87 billion, a PE ratio of 39.64 and a beta of 1.43. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60.

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

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

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.