Entropy Technologies LP Makes New Investment in InterDigital, Inc. $IDCC

Entropy Technologies LP bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,118 shares of the Wireless communications provider’s stock, valued at approximately $942,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital in the 4th quarter valued at about $26,000. Anchor Investment Management LLC bought a new stake in shares of InterDigital during the 1st quarter valued at about $30,000. Leonteq Securities AG bought a new stake in shares of InterDigital during the 4th quarter valued at about $35,000. Financial Consulate Inc. acquired a new stake in InterDigital during the fourth quarter worth about $41,000. Finally, Hantz Financial Services Inc. raised its stake in InterDigital by 219.0% during the fourth 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. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Performance

IDCC stock opened at $260.20 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 24.50 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $221.31 and a 1 year high of $412.60. The stock’s fifty day moving average is $269.06 and its two-hundred day moving average is $311.40.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. During the same quarter in the prior year, the firm earned $3.45 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. 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, research analysts predict that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Announces Dividend

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

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $286.00, for a total value of $429,000.00. Following the sale, the chief technology officer owned 67,976 shares in the company, valued at approximately $19,441,136. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of InterDigital stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $144,406.08. Following the sale, the director directly owned 7,620 shares in the company, valued at approximately $2,107,996.80. This trade represents a 6.41% decrease in their position. 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. Insiders have sold 5,872 shares of company stock worth $1,654,159 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

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.