10,300 Shares in InterDigital, Inc. $IDCC Acquired by Nicholas Investment Partners LP

Nicholas Investment Partners LP acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, Holdings Channel.com reports. The firm acquired 10,300 shares of the Wireless communications provider’s stock, valued at approximately $2,916,000.

A number of other hedge funds have also recently modified their holdings of IDCC. Keating Financial Advisory Services Inc. acquired a new position in shares of InterDigital in the second quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in InterDigital in the 4th quarter worth about $26,000. Anchor Investment Management LLC purchased a new position in InterDigital during the first quarter worth approximately $30,000. Leonteq Securities AG acquired a new stake in InterDigital in the fourth quarter valued at approximately $35,000. Finally, Hantz Financial Services Inc. increased its holdings in InterDigital by 219.0% in 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 in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

NASDAQ:IDCC opened at $341.09 on Tuesday. InterDigital, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60. The stock’s fifty day moving average is $295.06 and its two-hundred day moving average is $312.65. The company has a market capitalization of $8.80 billion, a P/E ratio of 39.34 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 issued its quarterly earnings data 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. The firm had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.The company’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period last year, the company 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 expect that InterDigital, Inc. will post 7.41 EPS for the current year.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a $0.70 dividend. 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 is currently 32.30%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, 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 completion of the sale, the director owned 7,620 shares in the company, valued at approximately $2,107,996.80. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 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 $100,973.60. Following the completion of the sale, the director directly owned 16,359 shares in the company, valued at approximately $4,525,553.76. The trade was a 2.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,672 shares of company stock worth $2,240,797 in the last three months. 3.50% of the stock is currently owned by corporate insiders.

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.