Allspring Global Investments Holdings LLC Sells 36,041 Shares of InterDigital, Inc. $IDCC

Allspring Global Investments Holdings LLC reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 89.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,413 shares of the Wireless communications provider’s stock after selling 36,041 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in InterDigital were worth $1,537,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IDCC. Wedge Capital Management L L P NC bought a new position in shares of InterDigital in the third quarter valued at about $67,282,000. Bank of Montreal Can raised its holdings in InterDigital by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock valued at $24,491,000 after acquiring an additional 911 shares during the period. Prudential Financial Inc. lifted its position in InterDigital by 7.4% during the second quarter. Prudential Financial Inc. now owns 26,993 shares of the Wireless communications provider’s stock worth $6,053,000 after acquiring an additional 1,863 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in InterDigital by 144.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock valued at $4,158,000 after purchasing an additional 7,113 shares during the period. Finally, Inspire Investing LLC grew its holdings in InterDigital by 37.9% in the 1st quarter. Inspire Investing LLC now owns 15,227 shares of the Wireless communications provider’s stock valued at $3,148,000 after buying an additional 4,188 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $306.69 on Friday. The firm has a 50 day moving average of $344.94 and a 200-day moving average of $308.90. InterDigital, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $7.90 billion, a PE ratio of 20.69 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The firm had revenue of $164.68 million during the quarter, compared to analysts’ expectations of $153.43 million. During the same period in the prior year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 28.0% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. On average, equities research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s dividend payout ratio is presently 18.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. UBS Group set a $425.00 target price on shares of InterDigital in a research report on Monday, December 1st. Zacks Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Roth Capital lifted their price target on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Transactions at InterDigital

In other InterDigital news, CFO Richard Brezski sold 6,981 shares of InterDigital stock in a transaction on Monday, January 5th. The shares were sold at an average price of $330.49, for a total value of $2,307,150.69. Following the completion of the sale, the chief financial officer directly owned 83,374 shares of the company’s stock, valued at approximately $27,554,273.26. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John A. Kritzmacher sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total value of $413,750.00. Following the sale, the director owned 15,815 shares of the company’s stock, valued at approximately $5,234,765. This represents a 7.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,865 shares of company stock worth $8,684,906. 2.80% of the stock is owned by corporate insiders.

Trending Headlines about InterDigital

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: InterDigital renewed a worldwide, non‑exclusive, royalty‑bearing licensing agreement with a major Chinese vendor — a meaningful contract that supports recurring royalty revenue and reduces execution risk in an important market. Read More.
• Neutral Sentiment: The company will present at the Needham Growth Conference on Jan. 14 — provides management access to investors and could clarify near‑term drivers but is unlikely by itself to change fundamentals. Read More.
• Neutral Sentiment: Company pays a quarterly dividend (announced recently) and continues to cite strong EPS guidance for FY2025 — supportive background but yield is modest. Read More.
• Negative Sentiment: CFO Richard Brezski sold substantial blocks (6,981 shares on Jan. 5 at ~$330.49 and 5,002 shares on Jan. 6 at ~$324.08), trimming his holding ~6–7% — large insider sales that often weigh on near‑term sentiment. Read More.
• Negative Sentiment: CEO Lawrence Liren Chen sold 2,975 shares on Jan. 6 at about $334.08 (≈$994k), a visible though smaller reduction that can amplify investor caution when combined with other insider sales. Read More.
• Negative Sentiment: CTO Rajesh Pankaj sold 1,000 shares on Jan. 5 at ~$326.75 (~$327k), a modest cut but part of a cluster of insider dispositions this week. Read More.

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.