InterDigital, Inc. $IDCC Shares Sold by Burney Co.

Burney Co. cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 29.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,561 shares of the Wireless communications provider’s stock after selling 8,858 shares during the period. Burney Co.’s holdings in InterDigital were worth $6,511,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IDCC. Kemnay Advisory Services Inc. purchased a new stake in InterDigital in the 4th quarter valued at $26,000. Leonteq Securities AG purchased a new position in InterDigital during the 4th quarter worth $35,000. Financial Consulate Inc. purchased a new position in InterDigital during the 4th quarter worth $41,000. Hantz Financial Services Inc. increased its stake in InterDigital by 219.0% in the fourth quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 92 shares during the period. Finally, Greenline Wealth Management LLC acquired a new position in InterDigital in the fourth quarter valued at $48,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Trading Up 0.5%

Shares of InterDigital stock opened at $282.89 on Tuesday. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 26.64 and a beta of 1.42. InterDigital, Inc. has a 52-week low of $213.06 and a 52-week high of $412.60. The company’s 50-day simple moving average is $279.28 and its 200-day simple moving average is $318.36. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 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 firm had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. During the same quarter last year, the firm earned $3.45 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. As a group, equities research analysts anticipate that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 26.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IDCC shares. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Jefferies Financial Group restated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Four 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, the company presently has an average rating of “Moderate Buy” and an average target price of $416.67.

Insider Transactions at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 365 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the transaction, the director owned 16,359 shares in the company, valued at approximately $4,525,553.76. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Derek K. Aberle sold 522 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $276.64, for a total value of $144,406.08. Following the completion of the sale, the director directly owned 7,620 shares of the company’s stock, valued at approximately $2,107,996.80. This trade represents a 6.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 4,372 shares of company stock valued at $1,225,159. 3.50% of the stock is owned by company insiders.

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.