Ameriflex Group Inc. Purchases Shares of 6,654 InterDigital, Inc. $IDCC

Ameriflex Group Inc. bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 3rd quarter, Holdings Channel.com reports. The firm bought 6,654 shares of the Wireless communications provider’s stock, valued at approximately $2,297,000. InterDigital comprises 0.9% of Ameriflex Group Inc.’s holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of IDCC. NewEdge Advisors LLC lifted its position in shares of InterDigital by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after purchasing an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of InterDigital by 5.6% in 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 acquiring an additional 4,105 shares in the last quarter. Atria Investments Inc lifted its position in InterDigital by 4.1% during the 2nd quarter. Atria Investments Inc now owns 2,660 shares of the Wireless communications provider’s stock valued at $596,000 after acquiring an additional 104 shares during the period. Strs Ohio lifted its position in InterDigital by 6.4% during the 2nd quarter. Strs Ohio now owns 5,000 shares of the Wireless communications provider’s stock valued at $1,121,000 after acquiring an additional 300 shares during the period. Finally, Bank of Montreal Can grew its holdings in InterDigital by 0.8% in the second quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock worth $24,491,000 after purchasing an additional 911 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 467 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 27,021 shares of the company’s stock, valued at $9,885,903.06. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $368.10, for a total transaction of $368,100.00. Following the completion of the sale, the chief technology officer directly owned 60,196 shares of the company’s stock, valued at approximately $22,158,147.60. This trade represents a 1.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,304 shares of company stock valued at $15,134,779 in the last three months. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

InterDigital Stock Down 1.8%

Shares of NASDAQ IDCC opened at $357.06 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 stock has a market capitalization of $9.17 billion, a PE ratio of 29.93 and a beta of 1.57. The stock’s fifty day simple moving average is $340.46 and its two-hundred day simple moving average is $338.82. InterDigital, Inc. has a 12-month low of $180.60 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its 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 for the quarter, compared to analyst estimates 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 firm earned $5.15 earnings per share. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, analysts expect that InterDigital, Inc. will post 9.21 EPS 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.