Emerald Investment Advisers LLC Makes New Investment in InterDigital, Inc. $IDCC

Emerald Investment Advisers LLC purchased a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,120 shares of the Wireless communications provider’s stock, valued at approximately $6,829,000. Emerald Investment Advisers LLC owned approximately 0.09% of InterDigital as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of IDCC. Keating Financial Advisory Services Inc. bought a new stake in shares of InterDigital during the second quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new position in InterDigital in the 4th quarter valued at about $26,000. Anchor Investment Management LLC bought a new position in InterDigital in the 1st quarter valued at about $30,000. Leonteq Securities AG acquired a new position in InterDigital during the 4th quarter valued at about $35,000. Finally, Hantz Financial Services Inc. increased its stake in InterDigital by 219.0% during the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 92 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Samir Armaly sold 470 shares of the business’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 value of $130,020.80. Following the sale, the director directly owned 4,608 shares in the company, valued at $1,274,757.12. The trade was a 9.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the 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 $144,406.08. Following the sale, the director directly owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,672 shares of company stock worth $2,240,797. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

InterDigital Trading Up 0.1%

Shares of InterDigital stock opened at $342.42 on Friday. The business has a fifty day simple moving average of $294.01 and a 200-day simple moving average of $312.64. InterDigital, Inc. has a fifty-two week low of $249.14 and a fifty-two week high of $412.60. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 39.49 and a beta of 1.43. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $3.72. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $143.10 million. During the same period in the previous year, the company earned $6.52 earnings per share. InterDigital’s revenue was down 13.4% compared to the same quarter last year. 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 analysts forecast that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, July 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital’s payout ratio is currently 32.30%.

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.