InterDigital, Inc. $IDCC Stock Position Lifted by Algert Global LLC

Algert Global LLC lifted its position in InterDigital, Inc. (NASDAQ:IDCC) by 50.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 20,130 shares of the Wireless communications provider’s stock after acquiring an additional 6,710 shares during the period. Algert Global LLC’s holdings in InterDigital were worth $6,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of InterDigital during the 2nd quarter valued at approximately $28,000. Root Financial Partners LLC acquired a new position in InterDigital in the third quarter worth $30,000. Aster Capital Management DIFC Ltd increased its stake in InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 71 shares during the last quarter. Spire Wealth Management bought a new stake in InterDigital during the third quarter valued at $49,000. Finally, Country Trust Bank acquired a new stake in shares of InterDigital during the second quarter worth $56,000. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John D. Jr. Markley sold 700 shares of the firm’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 sale, the director directly owned 11,223 shares in the company, valued at $4,208,063.85. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joan H. Gillman sold 325 shares of InterDigital stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $352.24, for a total value of $114,478.00. Following the sale, the director directly owned 22,036 shares in the company, valued at $7,761,960.64. The trade was a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,054 shares of company stock valued at $14,688,067 in the last ninety days. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

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

InterDigital Stock Performance

Shares of IDCC opened at $358.31 on Tuesday. InterDigital, Inc. has a 1 year low of $180.60 and a 1 year high of $412.60. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 30.03 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a fifty day moving average of $344.93 and a 200-day moving average of $344.00.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.47. The business had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $155.57 million. InterDigital had a net margin of 48.76% and a return on equity of 41.09%. The company’s revenue for the quarter was down 37.4% compared to the same quarter last year. During the same quarter last year, the company earned $5.15 EPS. InterDigital has set its Q1 2026 guidance at 2.390-2.680 EPS. As a group, equities analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

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.