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

Congress Asset Management Co. reduced its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,196 shares of the Wireless communications provider’s stock after selling 1,821 shares during the period. Congress Asset Management Co. owned approximately 1.36% of InterDigital worth $111,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in shares of InterDigital by 37.6% during the first quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after acquiring an additional 1,069 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in InterDigital by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock worth $15,933,000 after purchasing an additional 4,105 shares during the last quarter. Legal & General Group Plc increased its stake in InterDigital by 20.1% during the 2nd quarter. Legal & General Group Plc now owns 86,026 shares of the Wireless communications provider’s stock valued at $19,290,000 after purchasing an additional 14,380 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of InterDigital by 2.8% during the second quarter. Franklin Resources Inc. now owns 30,611 shares of the Wireless communications provider’s stock valued at $6,864,000 after buying an additional 846 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of InterDigital by 4.9% during the second quarter. Rhumbline Advisers now owns 79,498 shares of the Wireless communications provider’s stock valued at $17,826,000 after buying an additional 3,710 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Activity

In related news, CFO Richard Brezski sold 2,000 shares of InterDigital stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total transaction of $704,480.00. Following the completion of the transaction, the chief financial officer directly owned 70,404 shares in the company, valued at approximately $24,799,104.96. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John D. Jr. Markley sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $374.95, for a total value of $262,465.00. Following the completion of the sale, the director owned 11,223 shares in the company, valued at approximately $4,208,063.85. This represents a 5.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,804 shares of company stock valued at $16,363,577 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. UBS Group set a $425.00 price target on InterDigital in a research note on Monday, December 1st. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Finally, Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Trading Down 4.4%

NASDAQ IDCC opened at $311.46 on Tuesday. InterDigital, Inc. has a 1 year low of $180.60 and a 1 year high of $412.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $8.00 billion, a PE ratio of 26.11 and a beta of 1.57. The company has a fifty day moving average of $347.87 and a 200 day moving average of $346.11.

InterDigital (NASDAQ:IDCC) last announced 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. The company 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 firm’s revenue for the quarter was down 37.4% compared to the same quarter last year. During the same period last year, the firm earned $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. Research analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current 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.