Baird Financial Group Inc. Grows Position in InterDigital, Inc. $IDCC

Key Points

• Baird Financial Group Inc. increased its stake in InterDigital, Inc. by 3.9%, bringing its total holdings to 135,999 shares, valued at approximately $28.1 million.
• InterDigital reported a significant earnings surprise of $6.52 per share for the most recent quarter, exceeding analysts' expectations by $3.75, and achieved a year-over-year revenue growth of 34.5%.
• The company declared a quarterly dividend of $0.60 per share, translating to an annualized dividend yield of 0.9% and a low payout ratio of 17.11%.

Baird Financial Group Inc. increased its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 135,999 shares of the Wireless communications provider's stock after buying an additional 5,048 shares during the period. Baird Financial Group Inc. owned 0.52% of InterDigital worth $28,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IDCC. Wealth Enhancement Advisory Services LLC increased its stake in InterDigital by 7.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock worth $928,000 after acquiring an additional 316 shares during the last quarter. Cerity Partners LLC raised its position in shares of InterDigital by 91.2% during the 1st quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider's stock valued at $533,000 after buying an additional 1,229 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of InterDigital by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider's stock valued at $30,265,000 after buying an additional 11,411 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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 valued at $560,000 after buying an additional 542 shares in the last quarter. Finally, CWM LLC raised its position in shares of InterDigital by 24.0% during the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider's stock valued at $235,000 after buying an additional 220 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

InterDigital Price Performance

Shares of IDCC traded up $3.11 during midday trading on Thursday, reaching $287.88. The stock had a trading volume of 290,758 shares, compared to its average volume of 325,897. 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 company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The company's 50-day moving average is $247.27 and its 200 day moving average is $223.94. InterDigital, Inc. has a 12-month low of $129.76 and a 12-month high of $290.57.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. The company had revenue of $300.60 million for 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%.InterDigital's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period last year, the firm posted $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, equities analysts predict that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 0.8%. InterDigital's payout ratio is currently 17.11%.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the sale, the director owned 19,774 shares of the company's stock, valued at $4,481,777.10. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Derek K. Aberle sold 692 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.41, for a total transaction of $156,675.72. Following the completion of the sale, the director directly owned 6,192 shares in the company, valued at approximately $1,401,930.72. This trade represents a 10.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,528 shares of company stock valued at $1,309,157. 2.30% of the stock is currently owned by insiders.

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.