InterDigital, Inc. $IDCC Stock Holdings Reduced by Reinhart Partners LLC.

by · The Markets Daily

Reinhart Partners LLC. cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC – Free Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 457,070 shares of the Wireless communications provider’s stock after selling 3,334 shares during the quarter. InterDigital accounts for approximately 3.6% of Reinhart Partners LLC.’s holdings, making the stock its 9th biggest holding. Reinhart Partners LLC.’s holdings in InterDigital were worth $149,037,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IDCC. Keating Financial Advisory Services Inc. purchased a new stake in shares of InterDigital in the 2nd quarter valued at $25,000. Anchor Investment Management LLC purchased a new position in InterDigital in the 1st quarter worth $30,000. Polaris Financial Partners bought a new stake in InterDigital in the third quarter worth $33,000. Caitong International Asset Management Co. Ltd lifted its stake in InterDigital by 431.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 239 shares of the Wireless communications provider’s stock worth $76,000 after purchasing an additional 194 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in InterDigital during the second quarter valued at about $95,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Up 0.9%

Shares of NASDAQ IDCC opened at $331.31 on Friday. 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, Inc. has a 52 week low of $249.14 and a 52 week high of $412.60. The firm’s fifty day moving average is $335.17 and its 200 day moving average is $306.55. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 38.21 and a beta of 1.43.

InterDigital (NASDAQ:IDCC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.90 by $3.72. The business had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $143.10 million. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. On average, equities research analysts expect that InterDigital, Inc. will post 9.52 earnings per share for the current year.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.9%. This is a positive change from InterDigital’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Wednesday, October 14th. InterDigital’s payout ratio is currently 34.60%.

Analysts Set New Price Targets

IDCC has been the topic of a number of recent research reports. Weiss Ratings raised InterDigital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Zacks Research raised InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $450.00.

Get Our Latest Stock Analysis on IDCC

Insider Transactions at InterDigital

In related news, Director Joan Gillman sold 300 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $331.06, for a total value of $99,318.00. Following the sale, the director directly owned 22,736 shares of the company’s stock, valued at $7,526,980.16. This trade represents a 1.30% decrease in their ownership of the stock. 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, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $334.32, for a total value of $501,480.00. Following the transaction, the chief technology officer owned 63,516 shares in the company, valued at approximately $21,234,669.12. This represents a 2.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,800 shares of company stock valued at $1,595,118. 3.50% of the stock is currently owned by company insiders.

InterDigital Profile

(Free Report)

InterDigital, Inc is a research and development company that designs and develops advanced wireless, video and related technologies. Its work supports cellular communications, including 2G, 3G, 4G and 5G networks, as well as Wi-Fi, video coding, artificial intelligence and other connected-device applications. The company’s technologies are incorporated into mobile phones, network equipment, consumer electronics and other wireless products.

InterDigital primarily commercializes its innovations through a patent-licensing business.

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