Corient Private Wealth LP Invests $1.85 Million in InterDigital, Inc. $IDCC

Corient Private Wealth LP acquired a new position in InterDigital, Inc. (NASDAQ:IDCC) in the 2nd quarter, HoldingsChannel reports. The firm acquired 6,539 shares of the Wireless communications provider’s stock, valued at approximately $1,851,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new stake in InterDigital in the 2nd quarter valued at about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of InterDigital during the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of InterDigital during the 1st quarter worth approximately $30,000. Leonteq Securities AG purchased a new stake in shares of InterDigital during the 4th quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Zacks Research upgraded InterDigital from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings downgraded InterDigital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, InterDigital presently has an average rating of “Buy” and an average target price of $416.67.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $335.91 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.67 billion, a PE ratio of 38.74 and a beta of 1.43. InterDigital, Inc. has a twelve month low of $249.14 and a twelve month high of $412.60. The company has a 50-day moving average price of $302.87 and a two-hundred day moving average price of $311.43.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, July 30th. The Wireless communications provider reported $4.62 earnings per share for the quarter, topping the consensus estimate of $0.90 by $3.72. InterDigital had a net margin of 38.32% and a return on equity of 28.17%. The firm had revenue of $260.17 million during the quarter, compared to the consensus estimate of $143.10 million. During the same quarter last year, the company earned $6.52 earnings per share. The company’s revenue was down 13.4% on a year-over-year basis. InterDigital has set its FY 2026 guidance at 10.850-12.810 EPS and its Q3 2026 guidance at 1.940-2.130 EPS. Equities analysts forecast that InterDigital, Inc. will post 9.76 EPS for the current year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, July 8th. InterDigital’s payout ratio is currently 32.30%.

Insiders Place Their Bets

In other news, Director John A. Kritzmacher sold 365 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $276.64, for a total value of $100,973.60. Following the completion of the transaction, the director directly owned 16,359 shares of the company’s stock, valued at $4,525,553.76. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Rajesh Pankaj sold 1,500 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer directly owned 69,476 shares of the company’s stock, valued at $20,148,040. The trade was a 2.11% 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 sold 6,922 shares of company stock worth $2,047,012 in the last three months. 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.