InterDigital, Inc. $IDCC Position Raised by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in InterDigital, Inc. (NASDAQ:IDCC) by 1,017.1% in the first quarter, HoldingsChannel.com reports. The firm owned 7,105 shares of the Wireless communications provider’s stock after purchasing an additional 6,469 shares during the quarter. Fifth Third Bancorp’s holdings in InterDigital were worth $2,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keybank National Association OH increased its position in shares of InterDigital by 4.5% during the 1st quarter. Keybank National Association OH now owns 704 shares of the Wireless communications provider’s stock valued at $213,000 after purchasing an additional 30 shares during the period. Amundi lifted its holdings in shares of InterDigital by 0.3% in the fourth quarter. Amundi now owns 10,084 shares of the Wireless communications provider’s stock valued at $3,210,000 after buying an additional 30 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of InterDigital by 2.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after buying an additional 39 shares during the period. MGO One Seven LLC boosted its stake in InterDigital by 5.2% during the fourth quarter. MGO One Seven LLC now owns 835 shares of the Wireless communications provider’s stock valued at $266,000 after buying an additional 41 shares in the last quarter. Finally, J2 Capital Management Inc boosted its stake in InterDigital by 3.0% during the first quarter. J2 Capital Management Inc now owns 1,451 shares of the Wireless communications provider’s stock valued at $438,000 after buying an additional 42 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other InterDigital news, Director Derek K. Aberle sold 522 shares of the business’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 $144,406.08. Following the sale, the director owned 7,620 shares in the company, valued at approximately $2,107,996.80. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the sale, the director directly owned 11,735 shares of the company’s stock, valued at $3,520,500. This represents a 3.30% decrease in their ownership of the stock. 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 a total of 5,872 shares of company stock worth $1,654,159 over the last three months. Company insiders own 3.50% of the company’s stock.

InterDigital Trading Up 2.4%

InterDigital stock opened at $264.37 on Wednesday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 24.89 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $213.06 and a 1 year high of $412.60. The firm’s 50 day moving average price is $269.77 and its two-hundred day moving average price is $313.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 1.88.

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. The company had revenue of $205.42 million during the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.45 EPS. InterDigital has set its Q2 2026 guidance at 1.410-1.600 EPS and its FY 2026 guidance at 8.740-11.840 EPS. On average, research analysts predict that InterDigital, Inc. will post 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 26.37%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.67.

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.