InterDigital, Inc. $IDCC Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 57.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,396 shares of the Wireless communications provider’s stock after selling 1,866 shares during the period. Shell Asset Management Co.’s holdings in InterDigital were worth $482,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Moran Wealth Management LLC increased its position in InterDigital by 0.6% during the 3rd 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 in the last quarter. CoreCap Advisors LLC grew its stake 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 worth $85,000 after acquiring an additional 33 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of InterDigital by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider’s stock worth $2,554,000 after acquiring an additional 41 shares during the last quarter. Creative Planning increased its holdings in shares of InterDigital by 0.3% during the second quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock valued at $3,441,000 after acquiring an additional 46 shares in the last quarter. Finally, Archer Investment Corp raised its position in shares of InterDigital by 4.3% in the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock valued at $386,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of IDCC opened at $366.42 on Wednesday. The business’s 50-day moving average is $333.52 and its two-hundred day moving average is $331.04. The company has a market capitalization of $9.41 billion, a P/E ratio of 30.71 and a beta of 1.58. InterDigital, Inc. has a fifty-two week low of $180.60 and a fifty-two week high of $412.60. 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 issued its earnings results 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. The firm had revenue of $158.23 million for the quarter, compared to the consensus estimate of $155.57 million. InterDigital had a return on equity of 41.09% and a net margin of 48.76%.The company’s revenue was down 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.15 earnings per share. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Research analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group set a $425.00 price objective on InterDigital in a report on Monday, December 1st. Finally, Roth Mkm restated a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

Insider Activity at InterDigital

In other InterDigital 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 completion of the transaction, the chief executive officer owned 153,077 shares of the company’s stock, valued at approximately $50,151,086.74. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Kritzmacher sold 1,250 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was 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 of the company’s stock, valued at approximately $5,234,765. This trade represents a 7.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,087 shares of company stock worth $15,029,098 in the last three months. Company insiders own 2.30% of the company’s stock.

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.