Cary Street Partners Financial LLC Invests $3.34 Million in InterDigital, Inc. $IDCC

Cary Street Partners Financial LLC bought a new position in InterDigital, Inc. (NASDAQ:IDCC) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 9,681 shares of the Wireless communications provider’s stock, valued at approximately $3,342,000.

Several other institutional investors have also recently made changes to their positions in IDCC. Norges Bank bought a new stake in InterDigital in the second quarter worth about $71,200,000. Wedge Capital Management L L P NC purchased a new stake in InterDigital in the third quarter worth $67,282,000. Empowered Funds LLC grew its holdings in shares of InterDigital by 303.1% in the second quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock worth $32,156,000 after purchasing an additional 107,828 shares during the last quarter. Ameriprise Financial Inc. increased its stake in InterDigital by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after buying an additional 83,221 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in InterDigital during the 2nd quarter valued at about $13,591,000. Institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

InterDigital stock opened at $375.29 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. The company has a 50-day moving average price of $335.88 and a 200 day moving average price of $334.76. InterDigital, Inc. has a 12-month low of $180.60 and a 12-month high of $412.60. The stock has a market cap of $9.64 billion, a P/E ratio of 31.46 and a beta of 1.58.

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

InterDigital Announces Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.7%. InterDigital’s dividend payout ratio is currently 23.47%.

Analysts Set New Price Targets

IDCC has been the topic of several research reports. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Wall Street Zen lowered InterDigital from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, UBS Group set a $425.00 price target on shares of InterDigital in a report on Monday, December 1st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Insider Transactions at InterDigital

In other news, CFO Richard Brezski sold 6,981 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $330.49, for a total transaction of $2,307,150.69. Following the sale, the chief financial officer owned 83,374 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence Liren Chen sold 5,958 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $327.62, for a total transaction 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. This trade represents a 3.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 43,837 shares of company stock worth $14,595,823. 2.80% of the stock is currently owned by company 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.