111 Capital Sells 1,017 Shares of InterDigital, Inc. $IDCC

Key Points

• 111 Capital reduced its stake in InterDigital, Inc. by 39.1%, selling 1,017 shares, leaving it with 1,586 shares valued at approximately $356,000.
• InterDigital's stock had a market capitalization of $8.75 billion and a P/E ratio of 24.17, with shares currently trading down 4.8%.
• The company has increased its quarterly dividend to $0.70 per share, up from the previous $0.60, reflecting a dividend yield of 0.8%.

111 Capital reduced its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 39.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,586 shares of the Wireless communications provider's stock after selling 1,017 shares during the period. 111 Capital's holdings in InterDigital were worth $356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in InterDigital in the 1st quarter valued at about $32,000. Banque Transatlantique SA bought a new stake in shares of InterDigital during the first quarter valued at approximately $33,000. Headlands Technologies LLC acquired a new position in shares of InterDigital during the first quarter worth approximately $35,000. Concord Wealth Partners acquired a new stake in InterDigital in the 1st quarter valued at $37,000. Finally, Global Wealth Strategies & Associates bought a new stake in InterDigital during the 2nd quarter valued at $38,000. Institutional investors own 99.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IDCC. Weiss Ratings reaffirmed a "buy (b)" rating on shares of InterDigital in a research note on Saturday, September 27th. William Blair reiterated an "outperform" rating on shares of InterDigital in a research note on Monday, September 22nd. Jefferies Financial Group reissued a "hold" rating and set a $340.00 price objective on shares of InterDigital in a report on Monday, September 29th. Finally, Roth Capital raised their target price on InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, InterDigital presently has an average rating of "Moderate Buy" and a consensus target price of $345.00.

InterDigital Trading Down 4.8%

Shares of InterDigital stock opened at $339.10 on Monday. The stock has a market capitalization of $8.75 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.67 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $142.35 and a 52-week high of $361.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The stock's 50-day simple moving average is $292.70 and its 200 day simple moving average is $241.98.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping the consensus estimate of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. During the same quarter last year, the company earned $4.57 earnings per share. The company's revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. As a group, research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, October 8th. This is a positive change from InterDigital's previous quarterly dividend of $0.60. InterDigital's dividend payout ratio is presently 19.96%.

Insider Activity

In other news, insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $273.12, for a total transaction of $127,273.92. Following the completion of the transaction, the insider directly owned 28,370 shares in the company, valued at $7,748,414.40. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total value of $261,030.00. Following the sale, the chief technology officer directly owned 67,122 shares of the company's stock, valued at $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,466 shares of company stock valued at $678,084. 2.80% of the stock is owned by corporate insiders.

InterDigital Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.

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