26,831 Shares in InterDigital, Inc. $IDCC Bought by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP acquired a $5.55 million stake in InterDigital, purchasing 26,831 shares, representing approximately 0.10% of the company's stock.
• InterDigital reported impressive earnings of $6.52 per share for the last quarter, significantly surpassing analysts' estimates and indicating a 34.5% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.60 per share, resulting in an annualized yield of 0.9% and a dividend payout ratio of 17.11%.

Dark Forest Capital Management LP acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,831 shares of the Wireless communications provider's stock, valued at approximately $5,547,000. Dark Forest Capital Management LP owned about 0.10% of InterDigital as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in InterDigital by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock valued at $928,000 after buying an additional 316 shares in the last quarter. Cerity Partners LLC grew its position in shares of InterDigital by 91.2% in the 1st 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 last quarter. Envestnet Asset Management Inc. grew its position in shares of InterDigital by 8.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider's stock worth $30,265,000 after buying an additional 11,411 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of InterDigital by 25.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,707 shares of the Wireless communications provider's stock worth $560,000 after buying an additional 542 shares during the last quarter. Finally, CWM LLC grew its position in shares of InterDigital by 24.0% in the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider's stock worth $235,000 after buying an additional 220 shares during the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

IDCC stock traded down $0.08 during trading on Friday, reaching $287.80. The company had a trading volume of 364,390 shares, compared to its average volume of 246,071. The firm has a 50-day simple moving average of $249.62 and a 200-day simple moving average of $224.93. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a twelve month low of $129.76 and a twelve month high of $294.38.

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, 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 business had revenue of $300.60 million during the quarter, compared to analysts' expectations of $167.93 million. During the same period in the previous year, the business posted $4.57 EPS. The business's quarterly 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. As a group, sell-side analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital's dividend payout ratio is presently 17.11%.

Insider Buying and Selling at InterDigital

In other news, Director Samir Armaly sold 779 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the completion of the sale, the director owned 3,128 shares of the company's stock, valued at $708,554.56. This represents a 19.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the company's 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 sale, the insider directly owned 28,370 shares of the company's stock, valued at $7,748,414.40. This represents a 1.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,528 shares of company stock valued at $1,309,157. 2.80% of the stock is owned by company insiders.

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.