Icon Wealth Advisors LLC Has $544,000 Stock Position in InterDigital, Inc. $IDCC

Icon Wealth Advisors LLC lowered its stake in InterDigital, Inc. (NASDAQ:IDCC) by 51.2% during the fourth quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Leonteq Securities AG acquired a new position in InterDigital during the fourth quarter worth approximately $35,000. Aster Capital Management DIFC Ltd boosted its stake in shares of InterDigital by 186.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 71 shares during the period. Financial Consulate Inc. bought a new position in shares of InterDigital during the 4th quarter worth approximately $41,000. Hantz Financial Services Inc. boosted its stake in shares of InterDigital by 219.0% during the 4th 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 during the period. Finally, Greenline Wealth Management LLC acquired a new position in shares of InterDigital during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $283.73 on Monday. InterDigital, Inc. has a 12-month low of $213.06 and a 12-month high of $412.60. The stock has a market cap of $7.33 billion, a PE ratio of 26.72 and a beta of 1.43. The business has a 50 day moving average of $300.42 and a 200-day moving average of $326.26. 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 issued its quarterly earnings data on Thursday, April 30th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.03. InterDigital had a return on equity of 35.25% and a net margin of 44.20%.The company had revenue of $205.42 million during the quarter, compared to analysts’ expectations of $196.85 million. During the same quarter in the previous year, the company posted $3.45 earnings per share. 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. As a group, equities research analysts forecast that InterDigital, Inc. will post 7.41 earnings per share for the current year.

InterDigital Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 8th. InterDigital’s payout ratio is currently 26.37%.

Analysts Set New Price Targets

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

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?

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $290.00, for a total value of $435,000.00. Following the completion of the sale, the chief technology officer directly owned 69,476 shares in the company, valued at approximately $20,148,040. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joshua D. Schmidt sold 6,000 shares of the business’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 value of $2,089,260.00. Following the completion of the sale, the insider owned 25,889 shares of the company’s stock, valued at approximately $9,014,808.69. This trade represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,750 shares of company stock valued at $3,187,995. Corporate 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.