Caxton Associates LLP Purchases New Shares in InterDigital, Inc. $IDCC

Key Points

• Caxton Associates LLP made a significant new investment in InterDigital, acquiring 12,188 shares valued at approximately $2.52 million during the first quarter.
• InterDigital reported impressive earnings, achieving $6.52 earnings per share for the quarter, surpassing expectations significantly and reflecting a year-over-year revenue increase of 34.5%.
• The company also declared a quarterly dividend of $0.60 per share, resulting in an annualized yield of 0.8% with a low payout ratio of 17.11%.

Caxton Associates LLP acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,188 shares of the Wireless communications provider's stock, valued at approximately $2,520,000.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of InterDigital by 7.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock worth $928,000 after buying an additional 316 shares during the period. Cerity Partners LLC increased its position in shares of InterDigital by 91.2% during the first quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider's stock worth $533,000 after buying an additional 1,229 shares during the period. Envestnet Asset Management Inc. grew its holdings in InterDigital by 8.5% in the first quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider's stock worth $30,265,000 after purchasing an additional 11,411 shares during the period. EP Wealth Advisors LLC acquired a new stake in InterDigital in the first quarter worth $214,000. Finally, PNC Financial Services Group Inc. increased its stake in InterDigital by 25.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,707 shares of the Wireless communications provider's stock valued at $560,000 after purchasing an additional 542 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Capital increased their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $350.00.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of InterDigital stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $273.12, for a total transaction of $127,273.92. Following the completion of the transaction, the insider directly owned 28,370 shares in the company, valued at $7,748,414.40. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction dated Wednesday, August 20th. The shares were 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 of the company's stock, valued at $17,520,855.66. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,932 shares of company stock valued at $1,010,930 over the last quarter. Corporate insiders own 2.80% of the company's stock.

InterDigital Stock Down 0.6%

Shares of IDCC stock traded down $2.00 on Friday, reaching $322.87. 332,399 shares of the company were exchanged, compared to its average volume of 274,892. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.61 and a beta of 1.42. The company has a 50-day moving average of $258.33 and a 200-day moving average of $228.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. InterDigital, Inc. has a one year low of $132.98 and a one year high of $327.49.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $300.60 million for the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business's revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

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.