American Century Companies Inc. Has $43.71 Million Stock Holdings in InterDigital, Inc. $IDCC

American Century Companies Inc. trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 66.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,618 shares of the Wireless communications provider’s stock after selling 252,179 shares during the period. American Century Companies Inc. owned 0.49% of InterDigital worth $43,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in InterDigital by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock valued at $148,103,000 after acquiring an additional 12,223 shares in the last quarter. Reinhart Partners LLC. boosted its position in InterDigital by 0.7% in the third quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock valued at $142,360,000 after buying an additional 3,030 shares in the last quarter. Congress Asset Management Co. boosted its holdings in shares of InterDigital by 2.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock worth $121,872,000 after acquiring an additional 9,265 shares in the last quarter. Norges Bank acquired a new position in InterDigital in the second quarter worth $71,200,000. Finally, Ameriprise Financial Inc. grew its holdings in InterDigital by 36.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after acquiring an additional 83,221 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at InterDigital

In other InterDigital news, CEO Lawrence Liren Chen sold 5,958 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 153,077 shares of the company’s stock, valued at approximately $50,151,086.74. This represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Kritzmacher sold 1,250 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total value of $413,750.00. Following the completion of the sale, the director owned 15,815 shares of the company’s stock, valued at $5,234,765. This trade represents a 7.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 Down 1.8%

IDCC opened at $357.06 on Friday. The business’s fifty day simple moving average is $340.46 and its 200 day simple moving average is $338.82. The stock has a market cap of $9.17 billion, a PE ratio of 29.93 and a beta of 1.57. InterDigital, Inc. has a 52 week low of $180.60 and a 52 week high of $412.60. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.01.

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, topping the consensus estimate of $1.65 by $0.47. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The business had revenue of $158.23 million during the quarter, compared to the consensus estimate of $155.57 million. During the same period in the previous year, the firm posted $5.15 earnings per share. 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. As a group, research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

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.