1,040 Shares in InterDigital, Inc. $IDCC Purchased by Ascent Group LLC

Key Points

• Ascent Group LLC has acquired a new stake in InterDigital, Inc. worth approximately $215,000 by purchasing 1,040 shares, according to their Form 13F filing.
• InterDigital reported a net margin of 51.92% and a revenue increase of 34.5% year-over-year, with earnings per share (EPS) of $6.52 for the last quarter, exceeding expectations.
• Roth Capital has raised their price target on InterDigital's shares from $270.00 to $350.00, maintaining a "buy" rating, reflecting growing confidence in the company's future performance.

Ascent Group LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,040 shares of the Wireless communications provider's stock, valued at approximately $215,000.

Other large investors have also modified their holdings of the company. Elequin Capital LP purchased a new stake in shares of InterDigital during the fourth quarter worth $29,000. Wayfinding Financial LLC acquired a new position in shares of InterDigital during the 1st quarter valued at about $32,000. Headlands Technologies LLC acquired a new position in shares of InterDigital during the 1st quarter valued at about $35,000. Banque Transatlantique SA acquired a new position in InterDigital in the first quarter valued at about $33,000. Finally, Concord Wealth Partners acquired a new position in InterDigital in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joshua D. Schmidt sold 466 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $273.12, for a total value of $127,273.92. Following the sale, the insider directly owned 28,370 shares in the company, valued at approximately $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,932 shares of company stock worth $1,010,930. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Roth Capital upped their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $350.00.

InterDigital Trading Up 2.9%

IDCC traded up $9.64 during midday trading on Thursday, hitting $336.81. The company's stock had a trading volume of 60,099 shares, compared to its average volume of 324,462. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. The firm has a market cap of $8.69 billion, a P/E ratio of 24.01, a PEG ratio of 1.61 and a beta of 1.42. The firm has a 50-day moving average price of $264.37 and a two-hundred day moving average price of $230.68. InterDigital, Inc. has a 52-week low of $135.13 and a 52-week high of $340.10.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $3.75. The business had revenue of $300.60 million during the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The company's revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business 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, research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 8th. This is a positive change from InterDigital's previous quarterly dividend of $0.60. InterDigital's dividend payout ratio is currently 17.11%.

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.