Arete Wealth Advisors LLC Raises Holdings in InterDigital, Inc. $IDCC

Arete Wealth Advisors LLC raised its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 70.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,265 shares of the Wireless communications provider’s stock after purchasing an additional 1,353 shares during the quarter. Arete Wealth Advisors LLC’s holdings in InterDigital were worth $1,127,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in InterDigital in the 2nd quarter valued at about $28,000. Root Financial Partners LLC acquired a new stake in shares of InterDigital during the third quarter valued at about $30,000. Aster Capital Management DIFC Ltd raised its stake in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 71 shares during the period. Huntington National Bank lifted its holdings in shares of InterDigital by 530.3% in the 2nd quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 175 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in shares of InterDigital during the 3rd quarter worth approximately $49,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Stock Up 3.4%

Shares of NASDAQ:IDCC opened at $378.83 on Tuesday. InterDigital, Inc. has a fifty-two week low of $180.60 and a fifty-two week high of $412.60. The firm’s 50 day moving average price is $337.46 and its 200 day moving average price is $337.07. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 31.75 and a beta of 1.57.

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

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, January 14th. InterDigital’s payout ratio is 23.47%.

Wall Street Analysts Forecast Growth

IDCC has been the topic of a number of research analyst reports. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Roth Mkm reaffirmed a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Wall Street Zen downgraded InterDigital from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Finally, UBS Group set a $425.00 target price on InterDigital in a research report on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

Insider Transactions at InterDigital

In related news, CFO Richard Brezski sold 6,981 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 83,374 shares of the company’s stock, valued at $27,554,273.26. This represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John A. Kritzmacher sold 1,250 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total transaction of $413,750.00. Following the completion of the transaction, the director owned 15,815 shares in the company, valued at $5,234,765. This represents a 7.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 43,837 shares of company stock valued at $14,595,823. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Company 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.