Apollon Wealth Management LLC Cuts Position in InterDigital, Inc. $IDCC

Apollon Wealth Management LLC decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 41.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,178 shares of the Wireless communications provider’s stock after selling 2,285 shares during the quarter. Apollon Wealth Management LLC’s holdings in InterDigital were worth $960,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IDCC. NewEdge Advisors LLC raised its holdings in shares of InterDigital by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock valued at $809,000 after purchasing an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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. increased its holdings 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. raised its stake 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 in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IDCC shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Stock Performance

NASDAQ IDCC opened at $281.40 on Friday. The firm’s fifty day moving average is $280.81 and its two-hundred day moving average is $319.04. InterDigital, Inc. has a one year low of $213.06 and a one year high of $412.60. 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 firm has a market cap of $7.27 billion, a PE ratio of 26.50 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share 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 the consensus estimate of $196.85 million. During the same quarter in the prior year, the firm earned $3.45 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Analysts expect that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

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

Insider Activity at InterDigital

In other InterDigital news, Director John D. Jr. Markley sold 400 shares of InterDigital stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the transaction, the director directly owned 11,735 shares in the company, valued at approximately $3,520,500. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the director directly owned 4,608 shares in the company, valued at approximately $1,274,757.12. The trade was a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,872 shares of company stock worth $1,695,109 in the last ninety days. 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.