6,654 Shares in InterDigital, Inc. $IDCC Bought by Ameriflex Group Inc.

Ameriflex Group Inc. purchased a new position in InterDigital, Inc. (NASDAQ:IDCC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,654 shares of the Wireless communications provider’s stock, valued at approximately $2,297,000. InterDigital accounts for 0.9% of Ameriflex Group Inc.’s portfolio, making the stock its 22nd biggest holding.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Director Joan H. Gillman sold 325 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total value of $114,478.00. Following the completion of the sale, the director owned 22,036 shares in the company, valued at $7,761,960.64. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $368.10, for a total value of $368,100.00. Following the transaction, the chief technology officer directly owned 60,196 shares of the company’s stock, valued at approximately $22,158,147.60. This trade represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,304 shares of company stock worth $15,134,779 in the last quarter. Insiders own 2.80% of the company’s stock.

InterDigital Stock Down 1.8%

NASDAQ IDCC opened at $357.06 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 1-year low of $180.60 and a 1-year high of $412.60. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 29.93 and a beta of 1.57. The company has a 50 day moving average of $340.46 and a 200-day moving average of $338.82.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.47. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The company 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 EPS. The company’s revenue for the quarter was down 37.4% compared to the same quarter last year. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. On average, equities research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

About InterDigital

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.