InterDigital, Inc. $IDCC Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,178 shares of the Wireless communications provider’s stock after selling 2,285 shares during the period. Apollon Wealth Management LLC’s holdings in InterDigital were worth $960,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IDCC. Pictet Asset Management Holding SA lifted its position in shares of InterDigital by 38.9% in the first quarter. Pictet Asset Management Holding SA now owns 19,579 shares of the Wireless communications provider’s stock valued at $5,913,000 after acquiring an additional 5,481 shares in the last quarter. J2 Capital Management Inc increased its position in shares of InterDigital by 3.0% during the first quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock worth $438,000 after purchasing an additional 42 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in InterDigital in the 1st quarter valued at $2,235,000. Fifth Third Wealth Advisors LLC raised its stake in InterDigital by 10.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,007 shares of the Wireless communications provider’s stock valued at $304,000 after purchasing an additional 99 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in InterDigital by 8.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 9,728 shares of the Wireless communications provider’s stock valued at $2,938,000 after purchasing an additional 778 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on IDCC. Wall Street Zen raised shares of InterDigital from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings cut shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of InterDigital in a research note on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, InterDigital presently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

InterDigital Stock Performance

NASDAQ IDCC opened at $281.40 on Friday. The stock has a fifty day simple moving average of $280.81 and a 200-day simple moving average of $319.04. 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 stock has a market cap of $7.27 billion, a PE ratio of 26.50 and a beta of 1.42. InterDigital, Inc. has a twelve month low of $213.06 and a twelve month high of $412.60.

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 analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. The business had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. During the same period in the previous year, the firm earned $3.45 EPS. The business’s 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. Equities analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

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

Insider Activity

In related 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 completion of the transaction, the director directly owned 4,608 shares in the company, valued at $1,274,757.12. This trade represents a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of InterDigital stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $313.30, for a total transaction of $469,950.00. Following the completion of the transaction, the chief technology officer owned 72,449 shares of the company’s stock, valued at $22,698,271.70. This trade represents a 2.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,872 shares of company stock worth $1,695,109 in the last quarter. Insiders own 3.50% of the company’s stock.

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.