Empowered Funds LLC Purchases Shares of 35,578 InterDigital, Inc. $IDCC

Key Points

• Empowered Funds LLC acquired a new stake in InterDigital, Inc., purchasing 35,578 shares valued at approximately $7.36 million, representing 0.14% ownership in the company.
• InterDigital reported **$6.52 EPS** for the last quarter, significantly exceeding the consensus estimate of $2.77, with revenues hitting **$300.60 million**, up 34.5% year-over-year.
• Insiders sold **3,932 shares** of InterDigital stock valued at over **$1 million** in the past three months, with total insider ownership currently at **2.80%** of the company's stock.

Empowered Funds LLC purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,578 shares of the Wireless communications provider's stock, valued at approximately $7,356,000. Empowered Funds LLC owned about 0.14% of InterDigital at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its stake in shares of InterDigital by 3.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider's stock worth $396,000 after acquiring an additional 59 shares during the period. Leavell Investment Management Inc. grew its holdings in InterDigital by 3.4% during the first quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider's stock worth $381,000 after acquiring an additional 60 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of InterDigital by 4.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider's stock valued at $377,000 after purchasing an additional 75 shares in the last quarter. Xponance Inc. raised its position in shares of InterDigital by 5.5% in the first quarter. Xponance Inc. now owns 1,923 shares of the Wireless communications provider's stock worth $398,000 after acquiring an additional 100 shares during the period. Finally, OMERS ADMINISTRATION Corp grew its holdings in InterDigital by 1.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 7,628 shares of the Wireless communications provider's stock valued at $1,577,000 after purchasing an additional 128 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $273.12, for a total transaction of $127,273.92. Following the transaction, the insider directly owned 28,370 shares in the company, valued at $7,748,414.40. The trade was a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total value of $261,030.00. Following the completion of the sale, the chief technology officer owned 67,122 shares of the company's stock, valued at approximately $17,520,855.66. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,932 shares of company stock worth $1,010,930 over the last three months. Corporate insiders own 2.80% of the company's stock.

InterDigital Price Performance

Shares of IDCC traded down $2.00 during trading hours on Friday, hitting $322.87. 332,399 shares of the stock were exchanged, compared to its average volume of 266,122. The stock's 50-day moving average price is $258.33 and its two-hundred day moving average price is $228.42. InterDigital, Inc. has a 12-month low of $132.98 and a 12-month high of $327.49. 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 company has a market cap of $8.33 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, topping 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 company had revenue of $300.60 million for the quarter, compared to analysts' expectations of $167.93 million. During the same quarter in the previous year, the company posted $4.57 EPS. The firm's quarterly revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Roth Capital upped 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $350.00.

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.