Smithbridge Asset Management Inc. DE Has $5.03 Million Stock Holdings in InterDigital, Inc. $IDCC

Smithbridge Asset Management Inc. DE lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 97.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,800 shares of the Wireless communications provider’s stock after acquiring an additional 7,800 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in InterDigital were worth $5,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Townsquare Capital LLC boosted its position in shares of InterDigital by 9.6% in the fourth quarter. Townsquare Capital LLC now owns 651 shares of the Wireless communications provider’s stock worth $207,000 after buying an additional 57 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of InterDigital by 37.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 16,904 shares of the Wireless communications provider’s stock worth $5,382,000 after buying an additional 4,562 shares during the period. Deutsche Bank AG boosted its position in shares of InterDigital by 10.0% in the fourth quarter. Deutsche Bank AG now owns 31,818 shares of the Wireless communications provider’s stock worth $10,130,000 after buying an additional 2,884 shares during the period. Axiom Investors LLC DE boosted its position in shares of InterDigital by 15.7% in the fourth quarter. Axiom Investors LLC DE now owns 54,301 shares of the Wireless communications provider’s stock worth $17,288,000 after buying an additional 7,383 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of InterDigital by 374.6% in the fourth quarter. Cerity Partners LLC now owns 10,945 shares of the Wireless communications provider’s stock worth $3,485,000 after buying an additional 8,639 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insiders Place Their Bets

In other InterDigital news, insider Joshua D. Schmidt sold 6,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 25,889 shares of the company’s stock, valued at $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 750 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $258.38, for a total value of $193,785.00. Following the completion of the sale, the chief technology officer directly owned 70,976 shares of the company’s stock, valued at $18,338,778.88. This represents a 1.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,250 shares of company stock valued at $2,752,995. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

InterDigital Price Performance

IDCC opened at $253.91 on Thursday. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 23.91 and a beta of 1.43. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $301.38 and a 200 day moving average price of $327.05.

InterDigital (NASDAQ:IDCC) last released 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 firm had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm 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 forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. InterDigital’s dividend payout ratio (DPR) is presently 26.37%.

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.