Assetmark Inc. Grows Position in InterDigital, Inc. $IDCC

Assetmark Inc. increased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 9.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,006 shares of the Wireless communications provider’s stock after purchasing an additional 2,168 shares during the period. Assetmark Inc. owned 0.09% of InterDigital worth $7,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IDCC. Kemnay Advisory Services Inc. purchased a new position in InterDigital in the fourth quarter worth $26,000. Anchor Investment Management LLC purchased a new position in shares of InterDigital in the first quarter worth about $30,000. Leonteq Securities AG acquired a new stake in InterDigital during the 4th quarter valued at approximately $35,000. Financial Consulate Inc. purchased a new stake in shares of InterDigital in the fourth quarter worth about $41,000. Finally, Hantz Financial Services Inc. increased its holdings in InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, InterDigital has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Insiders Place Their Bets

In other InterDigital news, Director Samir Armaly sold 470 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $276.64, for a total transaction of $130,020.80. Following the transaction, the director owned 4,608 shares of the company’s stock, valued at approximately $1,274,757.12. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $286.00, for a total transaction of $429,000.00. Following the completion of the sale, the chief technology officer directly owned 67,976 shares of the company’s stock, valued at $19,441,136. The trade was a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,872 shares of company stock worth $1,654,159. 3.50% of the stock is currently owned by company insiders.

InterDigital Price Performance

InterDigital stock opened at $264.37 on Wednesday. The stock has a market cap of $6.83 billion, a P/E ratio of 24.89 and a beta of 1.42. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $269.77 and a 200 day moving average price of $313.55. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The firm had revenue of $205.42 million for the quarter, compared to analysts’ expectations of $196.85 million. During the same period in the prior year, the firm posted $3.45 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Sell-side analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s payout ratio is 26.37%.

InterDigital 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.