Algert Global LLC Raises Holdings in InterDigital, Inc. $IDCC

Key Points

• Algert Global LLC increased its stake in InterDigital by 72.3%, owning 18,660 shares worth approximately $3,858,000 after purchasing an additional 7,830 shares in the first quarter.
• InterDigital recently reported a quarterly earnings per share of $6.52, significantly exceeding analysts' expectations and reflecting a 34.5% increase in revenue year-over-year.
• The company also declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 0.9%.

Algert Global LLC lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 72.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,660 shares of the Wireless communications provider's stock after purchasing an additional 7,830 shares during the quarter. Algert Global LLC owned 0.07% of InterDigital worth $3,858,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IDCC. Russell Investments Group Ltd. raised its position in shares of InterDigital by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock worth $568,000 after purchasing an additional 51 shares during the period. NewEdge Advisors LLC raised its position in shares of InterDigital by 488.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,842 shares of the Wireless communications provider's stock worth $551,000 after purchasing an additional 2,359 shares during the period. First Trust Advisors LP raised its position in shares of InterDigital by 14.1% during the fourth quarter. First Trust Advisors LP now owns 103,295 shares of the Wireless communications provider's stock worth $20,010,000 after purchasing an additional 12,804 shares during the period. MetLife Investment Management LLC raised its position in shares of InterDigital by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 15,267 shares of the Wireless communications provider's stock worth $2,958,000 after purchasing an additional 675 shares during the period. Finally, Transce3nd LLC acquired a new position in shares of InterDigital during the fourth quarter worth approximately $110,000. 99.83% of the stock is owned by institutional investors and hedge funds.

InterDigital Stock Down 0.4%

InterDigital stock traded down $1.06 during trading on Monday, hitting $265.21. 513,354 shares of the company were exchanged, compared to its average volume of 304,067. The business's 50 day moving average is $240.89 and its 200 day moving average is $221.04. InterDigital, Inc. has a 52 week low of $129.76 and a 52 week high of $277.95. The company has a market capitalization of $6.84 billion, a P/E ratio of 18.90, a PEG ratio of 1.62 and a beta of 1.37. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02.

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

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 0.9%. InterDigital's dividend payout ratio is 17.11%.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total value of $261,030.00. Following the completion of the transaction, the chief technology officer owned 67,122 shares in the company, valued at $17,520,855.66. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Derek K. Aberle sold 692 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.41, for a total value of $156,675.72. Following the completion of the transaction, the director owned 6,192 shares of the company's stock, valued at $1,401,930.72. This trade represents a 10.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,062 shares of company stock valued at $1,181,883 in the last three months. Insiders own 2.30% of the company's stock.

InterDigital Company 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.