Icon Wealth Advisors LLC Sells 1,791 Shares of InterDigital, Inc. $IDCC

Icon Wealth Advisors LLC reduced its stake in InterDigital, Inc. (NASDAQ:IDCC) by 51.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,709 shares of the Wireless communications provider’s stock after selling 1,791 shares during the period. Icon Wealth Advisors LLC’s holdings in InterDigital were worth $544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IDCC. Leonteq Securities AG bought a new position in shares of InterDigital in the 4th quarter worth $35,000. Aster Capital Management DIFC Ltd boosted its position in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 71 shares during the last quarter. Financial Consulate Inc. bought a new position in InterDigital during the fourth quarter worth about $41,000. Hantz Financial Services Inc. lifted its holdings in InterDigital by 219.0% during the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Finally, Greenline Wealth Management LLC bought a new position in InterDigital during the fourth quarter worth about $48,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Performance

IDCC opened at $283.73 on Monday. The business’s 50-day moving average price is $300.42 and its two-hundred day moving average price is $326.26. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 26.72 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.88 and a quick ratio of 1.88.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $196.85 million. During the same quarter last year, the business posted $3.45 EPS. The company’s revenue for the quarter 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. Equities analysts expect that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.0%. InterDigital’s payout ratio is currently 26.37%.

More InterDigital News

Here are the key news stories impacting InterDigital this week:

• Positive Sentiment: InterDigital announced a new patent license agreement with Amazon covering video services and devices, including Amazon Prime Video. This is a meaningful validation of InterDigital’s streaming/video IP portfolio and should support royalty revenue going forward. InterDigital and Amazon enter into new video services and devices license agreement
• Positive Sentiment: Analysts reacted favorably to the Amazon deal, with coverage calling InterDigital a buy and highlighting the agreement as a strong catalyst for the stock. InterDigital is a buy, this analyst says
• Positive Sentiment: The company also declared a regular quarterly cash dividend of $0.70 per share, underscoring shareholder returns and financial strength. InterDigital Declares Regular Quarterly Cash Dividend
• Neutral Sentiment: InterDigital CTO Rajesh Pankaj sold 1,500 shares under a pre-arranged 10b5-1 trading plan. While insider sales can draw attention, the transaction was small relative to his remaining stake and appears routine. SEC Form 4 filing
• Negative Sentiment: Zacks noted that despite the recent surge, rising earnings estimate revisions may not fully support continued upside in the near term, suggesting some caution after the sharp move. InterDigital (IDCC) Moves 9.0% Higher: Will This Strength Last?

Wall Street Analyst Weigh In

Several research analysts have weighed in on IDCC shares. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a report on Wednesday, March 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a report on Friday, May 1st. Finally, Wall Street Zen upgraded InterDigital from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, InterDigital presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $290.00, for a total value of $435,000.00. Following the sale, the chief technology officer owned 69,476 shares of the company’s stock, valued at approximately $20,148,040. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of InterDigital stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total value of $2,089,260.00. Following the completion of the sale, the insider directly owned 25,889 shares in the company, valued at approximately $9,014,808.69. This represents a 18.82% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 9,750 shares of company stock worth $3,187,995. 3.50% of the stock is owned by company insiders.

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.