BI Asset Management Fondsmaeglerselskab A S Raises Position in InterDigital, Inc. $IDCC

Key Points

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BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 26.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,433 shares of the Wireless communications provider's stock after acquiring an additional 18,920 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned 0.35% of InterDigital worth $18,697,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of IDCC. Russell Investments Group Ltd. grew its position in shares of InterDigital by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock valued at $568,000 after purchasing an additional 51 shares in the last quarter. NewEdge Advisors LLC lifted its stake in 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 last quarter. First Trust Advisors LP increased its holdings in shares of InterDigital by 14.1% in the fourth quarter. First Trust Advisors LP now owns 103,295 shares of the Wireless communications provider's stock worth $20,010,000 after buying an additional 12,804 shares during the period. Natixis purchased a new position in shares of InterDigital in the fourth quarter worth about $6,586,000. Finally, MetLife Investment Management LLC increased its holdings in shares of InterDigital by 4.6% in the fourth quarter. MetLife Investment Management LLC now owns 15,267 shares of the Wireless communications provider's stock worth $2,958,000 after buying an additional 675 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Up 3.0%

Shares of IDCC stock traded up $7.73 during midday trading on Friday, reaching $266.27. 244,907 shares of the stock were exchanged, compared to its average volume of 297,726. InterDigital, Inc. has a 1 year low of $129.76 and a 1 year high of $277.95. The company's 50 day moving average is $240.03 and its two-hundred day moving average is $220.29. 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 $6.87 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly 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. The company had revenue of $300.60 million for the quarter, compared to the consensus estimate of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The firm's quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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 research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were given a $0.60 dividend. 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 (DPR) is currently 17.11%.

Insiders Place Their Bets

In other InterDigital news, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of InterDigital stock in a transaction on Monday, June 30th. The stock was sold at an average price of $232.33, for a total transaction of $108,265.78. Following the completion of the transaction, the insider directly owned 28,804 shares in the company, valued at $6,692,033.32. This represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,062 shares of company stock valued at $1,181,883 over the last quarter. Corporate insiders own 2.80% 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.