Envestnet Portfolio Solutions Inc. Boosts Stock Holdings in InterDigital, Inc. $IDCC

Envestnet Portfolio Solutions Inc. boosted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 338.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,744 shares of the Wireless communications provider’s stock after buying an additional 2,891 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in InterDigital were worth $1,192,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Passumpsic Savings Bank purchased a new stake in InterDigital during the 4th quarter worth approximately $2,394,000. Convergence Investment Partners LLC purchased a new stake in InterDigital during the 4th quarter worth approximately $463,000. Bessemer Group Inc. increased its stake in InterDigital by 10.2% during the 4th quarter. Bessemer Group Inc. now owns 138,411 shares of the Wireless communications provider’s stock worth $44,066,000 after buying an additional 12,767 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in InterDigital during the 4th quarter worth approximately $755,000. Finally, Oregon Public Employees Retirement Fund increased its stake in InterDigital by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,874 shares of the Wireless communications provider’s stock worth $1,870,000 after buying an additional 63 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $416.67.

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 1,500 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $313.30, for a total value of $469,950.00. Following the completion of the transaction, the chief technology officer directly owned 72,449 shares in the company, valued at approximately $22,698,271.70. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $348.21, for a total value of $2,089,260.00. Following the completion of the transaction, the insider owned 25,889 shares of the company’s stock, valued at $9,014,808.69. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,967 shares of company stock valued at $3,098,167 over the last 90 days. Company insiders own 2.80% of the company’s stock.

InterDigital Price Performance

IDCC stock opened at $260.98 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88. The business has a 50 day simple moving average of $320.24 and a 200-day simple moving average of $336.21. The firm has a market capitalization of $6.75 billion, a PE ratio of 24.57 and a beta of 1.50. InterDigital, Inc. has a 1 year low of $205.78 and a 1 year high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The business had revenue of $205.42 million during the quarter, compared to analyst estimates of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The business’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.45 earnings per share. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. Equities research analysts anticipate that InterDigital, Inc. will post 7.59 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a $0.70 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.1%. InterDigital’s dividend 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.