Capital Fund Management S.A. Has $13.07 Million Position in InterDigital, Inc. $IDCC

Key Points

• Capital Fund Management S.A. increased its stake in InterDigital, Inc. by 82.7%, acquiring an additional 28,622 shares, bringing its total holdings to 63,219 shares worth approximately $13.07 million.
• InterDigital reported strong earnings, with $6.52 per share for the last quarter, exceeding analyst estimates of $2.77, and a significant revenue growth of 34.5% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 0.9%.

Capital Fund Management S.A. lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 82.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,219 shares of the Wireless communications provider's stock after purchasing an additional 28,622 shares during the quarter. Capital Fund Management S.A. owned 0.24% of InterDigital worth $13,071,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IDCC. GAMMA Investing LLC lifted its position in shares of InterDigital by 31,724.6% in the first quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider's stock worth $619,810,000 after purchasing an additional 298,846 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of InterDigital by 1,451.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 299,326 shares of the Wireless communications provider's stock worth $57,986,000 after purchasing an additional 280,030 shares in the last quarter. Millennium Management LLC lifted its position in shares of InterDigital by 3,962.5% in the fourth quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock worth $24,947,000 after purchasing an additional 125,610 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of InterDigital by 152,729.3% in the first quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider's stock worth $23,700,000 after purchasing an additional 114,547 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of InterDigital in the first quarter worth $20,967,000. Institutional investors own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In related news, Director Derek K. Aberle sold 692 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the transaction, the director directly owned 6,192 shares in the company, valued at approximately $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total transaction of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares in the company, valued at approximately $17,520,855.66. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,062 shares of company stock valued at $1,181,883 in the last 90 days. Company insiders own 2.80% of the company's stock.

InterDigital Stock Up 3.0%

Shares of IDCC stock traded up $7.73 during trading on Friday, reaching $266.27. The company's stock had a trading volume of 244,907 shares, compared to its average volume of 297,726. The business has a fifty day moving average price of $240.03 and a 200-day moving average price of $220.56. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. InterDigital, Inc. has a one year low of $129.76 and a one year high of $277.95.

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 business had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm's revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.57 earnings per share. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently announced 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. This represents a $2.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, July 9th. InterDigital's payout ratio is presently 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.