Cresset Asset Management LLC Sells 1,561 Shares of InterDigital, Inc. $IDCC

Cresset Asset Management LLC trimmed its stake in InterDigital, Inc. (NASDAQ:IDCC) by 15.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,338 shares of the Wireless communications provider’s stock after selling 1,561 shares during the quarter. Cresset Asset Management LLC’s holdings in InterDigital were worth $2,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of IDCC. Moran Wealth Management LLC increased its stake in shares of InterDigital by 0.6% during the third quarter. Moran Wealth Management LLC now owns 4,751 shares of the Wireless communications provider’s stock valued at $1,640,000 after buying an additional 29 shares during the period. CoreCap Advisors LLC raised its holdings in shares of InterDigital by 15.6% during the third quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock valued at $85,000 after acquiring an additional 33 shares in the last quarter. Creative Planning lifted its stake in InterDigital by 0.3% in the second quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock worth $3,441,000 after acquiring an additional 46 shares during the period. Archer Investment Corp boosted its holdings in InterDigital by 4.3% in the third quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock valued at $386,000 after acquiring an additional 46 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in InterDigital by 2.9% in the third quarter. Leavell Investment Management Inc. now owns 1,897 shares of the Wireless communications provider’s stock valued at $655,000 after acquiring an additional 53 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IDCC shares. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group set a $425.00 price target on shares of InterDigital in a research note on Monday, December 1st. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, Roth Mkm reiterated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, InterDigital currently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Insider Transactions at InterDigital

In related news, Director John A. Kritzmacher sold 1,250 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total value of $413,750.00. Following the transaction, the director owned 15,815 shares in the company, valued at $5,234,765. The trade was a 7.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lawrence Liren Chen sold 5,958 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 45,304 shares of company stock valued at $15,134,779 in the last quarter. 2.80% of the stock is owned by insiders.

InterDigital Stock Performance

Shares of IDCC opened at $357.06 on Friday. 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 $9.17 billion, a P/E ratio of 29.93 and a beta of 1.57. The business’s 50 day moving average price is $340.46 and its 200-day moving average price is $339.37. InterDigital, Inc. has a 52 week low of $180.60 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $158.23 million during the quarter, compared to analyst estimates of $155.57 million. During the same quarter last year, the company earned $5.15 EPS. The firm’s revenue for the quarter was down 37.4% on a year-over-year basis. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Equities research analysts anticipate 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.