Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes Position in InterDigital, Inc. $IDCC

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in InterDigital, Inc. (NASDAQ:IDCC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,595 shares of the Wireless communications provider’s stock, valued at approximately $784,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IDCC. Kemnay Advisory Services Inc. bought a new stake in shares of InterDigital in the 4th quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in shares of InterDigital during the first quarter valued at $30,000. Leonteq Securities AG purchased a new stake in InterDigital during the 4th quarter valued at about $35,000. Financial Consulate Inc. acquired a new position in InterDigital in the 4th quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. increased its stake in shares of InterDigital by 219.0% in 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. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, InterDigital has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $286.00, for a total transaction of $429,000.00. Following the sale, the chief technology officer owned 67,976 shares in the company, valued at $19,441,136. This represents a 2.16% decrease in their position. The sale 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 John D. Jr. Markley sold 400 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the sale, the director directly owned 11,735 shares in the company, valued at $3,520,500. This represents a 3.30% 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. In the last 90 days, insiders sold 5,872 shares of company stock valued at $1,654,159. 3.50% of the stock is owned by company insiders.

InterDigital Stock Down 1.7%

NASDAQ IDCC opened at $265.59 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $270.49 and its 200-day simple moving average is $314.90. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60. The firm has a market cap of $6.86 billion, a PE ratio of 25.01 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business had revenue of $205.42 million for the quarter, compared to analyst estimates of $196.85 million. During the same quarter in the prior year, the company posted $3.45 EPS. 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. As a group, equities analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. InterDigital’s dividend payout ratio is currently 26.37%.

About InterDigital

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.