InterDigital, Inc. $IDCC Shares Bought by Algert Global LLC

Algert Global LLC grew its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 50.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,130 shares of the Wireless communications provider’s stock after acquiring an additional 6,710 shares during the period. Algert Global LLC owned about 0.08% of InterDigital worth $6,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Alliancebernstein L.P. increased its holdings in InterDigital by 11.5% in the 3rd quarter. Alliancebernstein L.P. now owns 36,778 shares of the Wireless communications provider’s stock valued at $12,697,000 after purchasing an additional 3,808 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of InterDigital by 18.9% during the third quarter. Ameriprise Financial Inc. now owns 368,323 shares of the Wireless communications provider’s stock worth $127,202,000 after purchasing an additional 58,660 shares in the last quarter. Creative Planning lifted its stake in shares of InterDigital by 16.2% during the third quarter. Creative Planning now owns 17,828 shares of the Wireless communications provider’s stock worth $6,155,000 after purchasing an additional 2,483 shares in the last quarter. Zacks Investment Management boosted its position in shares of InterDigital by 11.3% in the third quarter. Zacks Investment Management now owns 10,292 shares of the Wireless communications provider’s stock worth $3,554,000 after buying an additional 1,045 shares during the period. Finally, Credit Agricole S A purchased a new stake in shares of InterDigital in the third quarter worth about $5,541,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on IDCC. UBS Group set a $425.00 target price on InterDigital in a report on Monday, December 1st. Roth Mkm restated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Zacks Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, InterDigital has an average rating of “Moderate Buy” and a consensus target price of $416.67.

Insiders Place Their Bets

In related news, insider Joshua D. Schmidt sold 467 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $365.86, for a total value of $170,856.62. Following the sale, the insider directly owned 27,021 shares of the company’s stock, valued at $9,885,903.06. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joan H. Gillman sold 325 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total transaction of $114,478.00. Following the transaction, the director owned 22,036 shares in the company, valued at $7,761,960.64. This trade represents a 1.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 44,054 shares of company stock valued at $14,688,067. 2.30% of the stock is owned by insiders.

InterDigital Trading Down 0.2%

NASDAQ:IDCC opened at $358.31 on Tuesday. 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, Inc. has a one year low of $180.60 and a one year high of $412.60. The business’s 50-day simple moving average is $344.93 and its 200 day simple moving average is $344.00. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 30.03 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, February 5th. The Wireless communications provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.47. The firm had revenue of $158.23 million during 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%.InterDigital’s revenue for the quarter was down 37.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.15 earnings per share. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, sell-side analysts predict 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.