Hsbc Holdings PLC Acquires 17,316 Shares of InterDigital, Inc. $IDCC

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

A number of other institutional investors also recently bought and sold shares of the stock. 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 buying an additional 854,845 shares during the period. Norges Bank bought a new position in shares of InterDigital during the 4th quarter valued at approximately $128,918,000. Geode Capital Management LLC grew its stake in shares of InterDigital by 18.6% during the 4th quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock valued at $251,250,000 after acquiring an additional 123,686 shares during the period. M&T Bank Corp increased its holdings in InterDigital by 14,563.6% in the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock worth $34,781,000 after acquiring an additional 108,499 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in InterDigital by 24.8% in the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock worth $143,546,000 after acquiring an additional 89,647 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

InterDigital Price Performance

Shares of InterDigital stock opened at $267.76 on Thursday. The stock’s 50-day simple moving average is $275.54 and its 200-day simple moving average is $317.63. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 25.21 and a beta of 1.42. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter last 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. As a group, analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on IDCC. Weiss Ratings downgraded 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 research note on Wednesday, March 18th. Four research 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $416.67.

Insider Activity

In other news, Director Samir Armaly sold 470 shares of the business’s stock in a transaction 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 transaction, the director owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,872 shares of company stock valued at $1,654,159. Company insiders own 3.50% of the company’s stock.

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.