InterDigital, Inc. $IDCC Shares Sold by Citigroup Inc.

Citigroup Inc. lessened its position in InterDigital, Inc. (NASDAQ:IDCC) by 81.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,216 shares of the Wireless communications provider’s stock after selling 90,185 shares during the quarter. Citigroup Inc. owned approximately 0.08% of InterDigital worth $6,979,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC purchased a new stake in InterDigital during the 3rd quarter worth approximately $67,282,000. Bank of Montreal Can grew its stake in shares of InterDigital by 0.8% in the second quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock worth $24,491,000 after acquiring an additional 911 shares in the last quarter. Prudential Financial Inc. increased its position in shares of 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 stake in shares of InterDigital by 144.3% in the third quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock valued at $4,158,000 after acquiring an additional 7,113 shares in the last quarter. Finally, Ethos Financial Group LLC purchased a new position in InterDigital in the second quarter valued at $224,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $378.83 on Tuesday. InterDigital, Inc. has a one year low of $180.60 and a one year high of $412.60. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 31.75 and a beta of 1.57. The company has a 50-day simple moving average of $337.46 and a 200-day simple moving average of $337.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The firm had revenue of $158.23 million for the quarter, compared to analyst estimates of $155.57 million. During the same quarter last year, the company posted $5.15 earnings per share. The business’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. On average, analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

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

Insider Activity

In related news, CEO Lawrence Liren Chen sold 5,958 shares of InterDigital stock in a transaction on 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 $50,151,086.74. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard Brezski sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total transaction of $704,480.00. Following the transaction, the chief financial officer owned 70,404 shares of the company’s stock, valued at approximately $24,799,104.96. The trade was a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 43,837 shares of company stock valued at $14,595,823. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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