916 Shares in InterDigital, Inc. $IDCC Bought by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd acquired 916 shares of InterDigital, Inc., valued at approximately $191,000, during the first quarter.
• InterDigital reported an earnings per share (EPS) of $6.52 for the last quarter, significantly exceeding analysts' expectations of $2.77, with revenues totaling $300.60 million.
• Shares of InterDigital rose by 8.9%, with the stock currently trading around $324.87, following impressive financial results and increased institutional investment.

Plato Investment Management Ltd acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 916 shares of the Wireless communications provider's stock, valued at approximately $191,000.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in InterDigital by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock worth $928,000 after buying an additional 316 shares during the last quarter. Cerity Partners LLC raised its position in InterDigital by 91.2% during the 1st quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider's stock worth $533,000 after buying an additional 1,229 shares during the last quarter. Envestnet Asset Management Inc. raised its position in InterDigital by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider's stock worth $30,265,000 after buying an additional 11,411 shares during the last quarter. PNC Financial Services Group Inc. raised its position in InterDigital by 25.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,707 shares of the Wireless communications provider's stock worth $560,000 after buying an additional 542 shares during the last quarter. Finally, CWM LLC raised its position in InterDigital by 24.0% during the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider's stock worth $235,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Stock Up 8.9%

Shares of InterDigital stock opened at $324.87 on Friday. The company has a market cap of $8.38 billion, a P/E ratio of 23.16, a PEG ratio of 1.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a one year low of $131.29 and a one year high of $325.82. The firm has a fifty day moving average of $256.35 and a two-hundred day moving average of $227.50.

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

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the transaction, the insider owned 28,370 shares in the company, valued at $7,748,414.40. This trade represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the completion of the transaction, the chief technology officer 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. Insiders sold a total of 3,932 shares of company stock valued at $1,010,930 in the last quarter. Insiders own 2.80% of the company's stock.

About InterDigital

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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