Pacer Advisors Inc. Decreases Stock Holdings in InterDigital, Inc. $IDCC

Pacer Advisors Inc. reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 84.9% during the 1st quarter, HoldingsChannel reports. The firm owned 10,366 shares of the Wireless communications provider’s stock after selling 58,293 shares during the quarter. Pacer Advisors Inc.’s holdings in InterDigital were worth $3,131,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of InterDigital by 62.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,222,111 shares of the Wireless communications provider’s stock valued at $707,477,000 after purchasing an additional 854,845 shares during the last quarter. Geode Capital Management LLC boosted its stake in InterDigital by 18.6% during the fourth quarter. Geode Capital Management LLC now owns 787,546 shares of the Wireless communications provider’s stock worth $251,250,000 after buying an additional 123,686 shares during the last quarter. Invesco Ltd. grew its holdings in InterDigital by 24.8% in the 4th quarter. Invesco Ltd. now owns 450,863 shares of the Wireless communications provider’s stock valued at $143,546,000 after buying an additional 89,647 shares in the last quarter. Reinhart Partners LLC. grew its holdings in InterDigital by 1.3% in the 4th quarter. Reinhart Partners LLC. now owns 417,639 shares of the Wireless communications provider’s stock valued at $132,973,000 after buying an additional 5,293 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of InterDigital in the fourth quarter valued at approximately $128,918,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Derek K. Aberle sold 522 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 7,620 shares of the company’s stock, valued at $2,107,996.80. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John A. Kritzmacher sold 365 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $276.64, for a total transaction of $100,973.60. Following the completion of the transaction, the director owned 16,359 shares in the company, valued at $4,525,553.76. This represents a 2.18% 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 5,872 shares of company stock valued at $1,654,159 over the last 90 days. Insiders own 3.50% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC stock opened at $328.41 on Friday. The company has a market cap of $8.48 billion, a P/E ratio of 37.88 and a beta of 1.43. The firm has a fifty day moving average price of $275.84 and a 200 day moving average price of $311.31. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. InterDigital, Inc. has a 12 month low of $249.14 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $3.72. The company had revenue of $260.17 million for the quarter, compared to analysts’ expectations of $143.10 million. InterDigital had a return on equity of 28.17% and a net margin of 38.32%.InterDigital’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period last year, the firm earned $6.52 earnings per share. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Sell-side analysts predict that InterDigital, Inc. will post 7.41 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, July 8th. This represents a $2.80 annualized dividend and a yield of 0.9%. InterDigital’s payout ratio is presently 32.30%.

Analyst Upgrades and Downgrades

IDCC has been the topic of several recent research reports. Zacks Research raised shares of InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings downgraded shares of InterDigital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $416.67.

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.