Dimensional Fund Advisors LP Cuts Stake in InterDigital, Inc. $IDCC

Key Points

• Dimensional Fund Advisors LP reduced its stake in InterDigital by 8.2%, selling 65,261 shares and now owns approximately 735,248 shares worth $152 million.
• InterDigital reported $6.52 earnings per share for the latest quarter, significantly exceeding the expected $2.77, contributing to a revenue of $300.60 million.
• The company declared a quarterly dividend of $0.60 per share, indicating an annualized yield of 0.9% with a payout ratio of 17.11%.

Dimensional Fund Advisors LP reduced its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 735,248 shares of the Wireless communications provider's stock after selling 65,261 shares during the quarter. Dimensional Fund Advisors LP owned about 2.83% of InterDigital worth $152,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fox Run Management L.L.C. grew its holdings in InterDigital by 35.8% in the first quarter. Fox Run Management L.L.C. now owns 2,407 shares of the Wireless communications provider's stock worth $498,000 after purchasing an additional 635 shares during the last quarter. Sei Investments Co. grew its holdings in shares of InterDigital by 5.4% during the first quarter. Sei Investments Co. now owns 38,611 shares of the Wireless communications provider's stock valued at $7,929,000 after buying an additional 1,990 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of InterDigital by 17.6% during the first quarter. Russell Investments Group Ltd. now owns 3,449 shares of the Wireless communications provider's stock valued at $715,000 after buying an additional 517 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of InterDigital by 89.5% during the first quarter. HighTower Advisors LLC now owns 11,957 shares of the Wireless communications provider's stock valued at $2,472,000 after buying an additional 5,648 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of InterDigital by 47.3% during the first quarter. Public Sector Pension Investment Board now owns 93,016 shares of the Wireless communications provider's stock valued at $19,231,000 after buying an additional 29,858 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other InterDigital news, Director John A. Kritzmacher sold 519 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.65, for a total value of $117,631.35. Following the completion of the transaction, the director owned 19,774 shares in the company, valued at approximately $4,481,777.10. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Derek K. Aberle sold 692 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.41, for a total transaction of $156,675.72. Following the completion of the transaction, the director owned 6,192 shares of the company's stock, valued at approximately $1,401,930.72. This trade represents a 10.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,062 shares of company stock valued at $1,181,883. Insiders own 2.30% of the company's stock.

InterDigital Stock Performance

Shares of IDCC traded up $1.63 during trading hours on Tuesday, reaching $266.84. 207,286 shares of the company traded hands, compared to its average volume of 305,222. The stock has a market capitalization of $6.88 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.61 and a beta of 1.37. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 12-month low of $129.76 and a 12-month high of $277.95. The business has a fifty day moving average price of $241.79 and a 200-day moving average price of $221.36.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced 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. The firm 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 business's quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Equities analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Dividend Announcement

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

About InterDigital

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.