Capital Management Corp VA Sells 5,148 Shares of InterDigital, Inc. $IDCC

Key Points

• Capital Management Corp VA reduced its stake in InterDigital, Inc. by 3.6%, selling 5,148 shares, leaving it with a total of 138,969 shares valued at approximately $31.16 million.
• InterDigital recently reported a strong quarterly performance, with earnings per share of $6.52, exceeding analyst expectations, and a year-over-year revenue increase of 34.5% to $300.6 million.
• The company announced a dividend increase from $0.60 to $0.70 per share, set to be paid on October 22nd, reflecting a commitment to returning value to shareholders.

Capital Management Corp VA cut its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,969 shares of the Wireless communications provider's stock after selling 5,148 shares during the quarter. InterDigital makes up approximately 5.3% of Capital Management Corp VA's investment portfolio, making the stock its largest holding. Capital Management Corp VA owned approximately 0.54% of InterDigital worth $31,161,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of InterDigital during the 1st quarter worth approximately $32,000. Banque Transatlantique SA bought a new position in InterDigital during the 1st quarter worth $33,000. Headlands Technologies LLC acquired a new position in InterDigital in the 1st quarter valued at $35,000. Concord Wealth Partners bought a new stake in shares of InterDigital during the 1st quarter valued at $37,000. Finally, Global Wealth Strategies & Associates bought a new stake in InterDigital during the second quarter worth about $38,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

InterDigital stock opened at $358.26 on Wednesday. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.75 and a beta of 1.44. InterDigital, Inc. has a 52-week low of $144.46 and a 52-week high of $361.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The stock's 50 day moving average price is $306.54 and its two-hundred day moving average price is $248.08.

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, beating the consensus estimate of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. During the same period in the previous year, the firm posted $4.57 earnings per share. The business'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. On average, equities analysts predict 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. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This is a boost from InterDigital's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital's payout ratio is presently 19.96%.

Analysts Set New Price Targets

Several equities analysts have recently commented on IDCC shares. Weiss Ratings upgraded shares of InterDigital from a "buy (b+)" rating to a "buy (a)" rating in a research report on Tuesday. William Blair restated an "outperform" rating on shares of InterDigital in a research note on Monday, September 22nd. Roth Capital lifted their price target on InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $340.00 target price on shares of InterDigital in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, InterDigital has a consensus rating of "Buy" and an average target price of $345.00.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the sale, the insider owned 28,370 shares in the company, valued at approximately $7,748,414.40. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $261,030.00. Following the completion of the transaction, the chief technology officer directly owned 67,122 shares in the company, valued at approximately $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,466 shares of company stock worth $1,016,164 in the last 90 days. Corporate 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.

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