Rockefeller Capital Management L.P. Purchases 7,553 Shares of InterDigital, Inc. $IDCC

Rockefeller Capital Management L.P. increased its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,317 shares of the Wireless communications provider’s stock after acquiring an additional 7,553 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in InterDigital were worth $14,746,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of InterDigital in the 4th quarter worth approximately $26,000. Leonteq Securities AG purchased a new position in InterDigital during the fourth quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd increased its holdings in InterDigital by 186.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 71 shares during the period. Financial Consulate Inc. bought a new position in InterDigital in the fourth quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. raised 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 worth $43,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

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

InterDigital Trading Down 6.3%

NASDAQ IDCC opened at $279.17 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.21 billion, a PE ratio of 26.29 and a beta of 1.43. The company has a 50 day moving average price of $295.00 and a 200 day moving average price of $323.20. InterDigital, Inc. has a 52 week low of $213.06 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its earnings results 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.45 earnings per share. 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 7.41 EPS for the current fiscal year.

InterDigital Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 8th. InterDigital’s dividend payout ratio is currently 26.37%.

Insider Transactions at InterDigital

In other InterDigital news, Director John D. Jr. Markley sold 400 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $300.00, for a total value of $120,000.00. Following the completion of the sale, the director directly owned 11,735 shares in the company, valued at approximately $3,520,500. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 dated Friday, June 12th. The stock was 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 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 three months, insiders have sold 5,872 shares of company stock worth $1,695,109. 3.50% of the stock is currently owned by corporate 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.