Empirical Asset Management LLC Buys Shares of 3,117 InterDigital, Inc. $IDCC

Empirical Asset Management LLC purchased a new position in InterDigital, Inc. (NASDAQ:IDCC) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,117 shares of the Wireless communications provider’s stock, valued at approximately $1,076,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wedge Capital Management L L P NC acquired a new position in shares of InterDigital during the 3rd quarter valued at $67,282,000. Bank of Montreal Can boosted its stake in InterDigital by 0.8% during the second quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock valued at $24,491,000 after buying an additional 911 shares in the last quarter. Prudential Financial Inc. grew its holdings 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 period. Vontobel Holding Ltd. raised its position in InterDigital by 144.3% in the third quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock worth $4,158,000 after acquiring an additional 7,113 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in InterDigital by 6.1% in the second quarter. Bessemer Group Inc. now owns 121,627 shares of the Wireless communications provider’s stock worth $27,273,000 after acquiring an additional 7,005 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Insider Activity at InterDigital

In related news, CFO Richard Brezski sold 6,981 shares of the stock in a transaction dated Monday, January 5th. The stock was 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. This represents a 7.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total value of $1,951,959.96. Following the transaction, the chief executive officer directly owned 153,077 shares in the company, valued at approximately $50,151,086.74. This trade represents a 3.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 43,837 shares of company stock valued at $14,595,823. Company insiders own 2.30% of the company’s stock.

InterDigital Stock Up 3.3%

IDCC stock opened at $362.96 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $9.32 billion, a P/E ratio of 30.42 and a beta of 1.58. InterDigital, Inc. has a 52-week low of $180.60 and a 52-week high of $412.60. The company’s 50 day simple moving average is $333.76 and its 200-day simple moving average is $334.16.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The firm had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. During the same quarter last year, the business posted $5.15 EPS. The company’s revenue was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, equities research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, January 14th. InterDigital’s payout ratio is presently 23.47%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IDCC. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Wall Street Zen lowered shares of InterDigital from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group set a $425.00 price target on shares of InterDigital in a research report on Monday, December 1st. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, InterDigital presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

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.