The Manufacturers Life Insurance Company Has $7.60 Million Stake in InterDigital, Inc. $IDCC

The Manufacturers Life Insurance Company boosted its position in InterDigital, Inc. (NASDAQ:IDCC) by 61.7% in the first quarter, Holdings Channel.com reports. The firm owned 25,154 shares of the Wireless communications provider’s stock after purchasing an additional 9,597 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in InterDigital were worth $7,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IDCC. Kemnay Advisory Services Inc. acquired a new position in shares of InterDigital in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new stake in InterDigital during the 1st quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in InterDigital during the 4th quarter worth approximately $35,000. Financial Consulate Inc. acquired a new position in InterDigital in the 4th quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. increased its position in InterDigital by 219.0% in the 4th quarter. Hantz Financial Services Inc. now owns 134 shares of the Wireless communications provider’s stock valued at $43,000 after acquiring an additional 92 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other news, Director John A. Kritzmacher sold 365 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 16,359 shares of the company’s stock, valued at $4,525,553.76. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Jr. Markley sold 400 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $300.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director directly owned 11,735 shares in the company, valued at approximately $3,520,500. The trade was a 3.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,872 shares of company stock valued at $1,654,159 over the last quarter. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

InterDigital Stock Up 4.5%

IDCC stock opened at $323.17 on Wednesday. The stock’s 50 day simple moving average is $272.72 and its 200 day simple moving average is $311.03. InterDigital, Inc. has a fifty-two week low of $249.14 and a fifty-two week high of $412.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market cap of $8.34 billion, a P/E ratio of 37.27 and a beta of 1.43.

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

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 8th. InterDigital’s dividend payout ratio (DPR) is currently 32.30%.

About InterDigital

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.