M&T Bank Corp Has $813,000 Holdings in InterDigital, Inc. $IDCC

M&T Bank Corp raised its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 242.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,554 shares of the Wireless communications provider’s stock after acquiring an additional 1,809 shares during the quarter. M&T Bank Corp’s holdings in InterDigital were worth $813,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. CoreCap Advisors LLC lifted its position in InterDigital by 15.6% during the 3rd quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock valued at $85,000 after purchasing an additional 33 shares during the period. Kestra Private Wealth Services LLC lifted its position in InterDigital by 2.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,956 shares of the Wireless communications provider’s stock valued at $623,000 after purchasing an additional 39 shares during the period. Archer Investment Corp lifted its position in InterDigital by 4.3% during the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock valued at $386,000 after purchasing an additional 46 shares during the period. Blue Trust Inc. lifted its position in InterDigital by 3.6% during the 4th quarter. Blue Trust Inc. now owns 1,437 shares of the Wireless communications provider’s stock valued at $458,000 after purchasing an additional 50 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in InterDigital by 1.6% during the 4th quarter. Diversify Advisory Services LLC now owns 3,264 shares of the Wireless communications provider’s stock valued at $1,008,000 after purchasing an additional 52 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $279.61 on Monday. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 26.33 and a beta of 1.50. The firm’s 50 day simple moving average is $342.65 and its 200 day simple moving average is $344.77. 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, Inc. has a fifty-two week low of $205.78 and a fifty-two week high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.03. The business had revenue of $205.42 million for the quarter, compared to the consensus estimate of $196.85 million. InterDigital had a net margin of 44.20% and a return on equity of 35.25%. InterDigital’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company posted $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. As a group, sell-side analysts forecast that InterDigital, Inc. will post 7.59 earnings per share for the current year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, April 8th. InterDigital’s dividend payout ratio (DPR) is 26.37%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IDCC. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research report on Friday, May 1st. Wall Street Zen upgraded shares of InterDigital from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group reiterated a “buy” rating on shares of InterDigital in a research report on Wednesday, March 18th. Finally, Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $348.21, for a total transaction of $2,089,260.00. Following the sale, the insider directly owned 25,889 shares in the company, valued at approximately $9,014,808.69. This trade represents a 18.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Richard Brezski sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $352.24, for a total transaction of $704,480.00. Following the sale, the chief financial officer owned 70,404 shares in the company, valued at $24,799,104.96. This trade represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 17,997 shares of company stock worth $6,346,194. Corporate insiders own 2.30% 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.