Credit Agricole S A Buys 4,335 Shares of InterDigital, Inc. $IDCC

Key Points

• Credit Agricole S A increased its stake in InterDigital, Inc. by 27.3%, now owning 20,194 shares valued at approximately $4,175,000.
• InterDigital recently announced a quarterly dividend of $0.60 per share, reflecting an annualized yield of 0.9% with a payout ratio of 17.11%.
• The company beat earnings expectations with $6.52 per share in their most recent quarter, significantly exceeding forecasts of $2.77 and reporting a revenue increase of 34.5% year-over-year.

Credit Agricole S A increased its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,194 shares of the Wireless communications provider's stock after buying an additional 4,335 shares during the period. Credit Agricole S A owned 0.08% of InterDigital worth $4,175,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Elequin Capital LP acquired a new position in InterDigital during the 4th quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in shares of InterDigital during the 1st quarter worth approximately $32,000. Headlands Technologies LLC bought a new stake in shares of InterDigital in the 1st quarter worth approximately $35,000. Concord Wealth Partners bought a new stake in shares of InterDigital in the 1st quarter worth approximately $37,000. Finally, Versant Capital Management Inc raised its holdings in shares of InterDigital by 957.9% in the 1st quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock worth $42,000 after purchasing an additional 182 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jean F. Rankin sold 606 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the transaction, the director directly owned 27,353 shares in the company, valued at $6,194,633.91. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Kritzmacher sold 519 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 5,062 shares of company stock worth $1,181,883. Company insiders own 2.80% of the company's stock.

InterDigital Stock Up 3.0%

InterDigital stock opened at $266.27 on Friday. InterDigital, Inc. has a 1-year low of $129.76 and a 1-year high of $277.95. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.57 and a beta of 1.37. 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 50 day simple moving average of $240.03 and a 200 day simple moving average of $220.29.

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 for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. During the same period in the previous year, the business earned $4.57 EPS. InterDigital'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, analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, July 9th. InterDigital's payout ratio is 17.11%.

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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