Geode Capital Management LLC Raises Stake in InterDigital, Inc. $IDCC

Geode Capital Management LLC boosted its position in InterDigital, Inc. (NASDAQ:IDCC) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 787,546 shares of the Wireless communications provider’s stock after buying an additional 123,686 shares during the period. Geode Capital Management LLC’s holdings in InterDigital were worth $251,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of IDCC. NewEdge Advisors LLC boosted its position in InterDigital by 37.6% in the first quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock valued at $809,000 after buying an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in InterDigital by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock valued at $15,933,000 after buying an additional 4,105 shares during the last quarter. Russell Investments Group Ltd. boosted its position in InterDigital by 85.8% in the second quarter. Russell Investments Group Ltd. now owns 6,407 shares of the Wireless communications provider’s stock valued at $1,437,000 after buying an additional 2,958 shares during the last quarter. AXA S.A. boosted its position in InterDigital by 12.4% in the second quarter. AXA S.A. now owns 34,283 shares of the Wireless communications provider’s stock valued at $7,687,000 after buying an additional 3,788 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in InterDigital by 2.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,983 shares of the Wireless communications provider’s stock valued at $28,698,000 after buying an additional 3,643 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Trading Up 0.3%

Shares of NASDAQ:IDCC opened at $259.00 on Wednesday. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The company has a market capitalization of $6.69 billion, a PE ratio of 24.39 and a beta of 1.43. The business has a 50 day moving average of $308.28 and a two-hundred day moving average of $331.16. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results 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. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same period in the previous year, the company posted $3.45 earnings per share. InterDigital’s revenue for the quarter 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. As a group, analysts forecast that InterDigital, Inc. will post 7.59 EPS for the current year.

InterDigital Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IDCC shares. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, InterDigital has an average rating of “Moderate Buy” and a consensus price target of $416.67.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This represents a 2.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 25,889 shares of the company’s stock, valued at approximately $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,500 shares of company stock valued at $2,927,310. Corporate insiders own 2.30% 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.