EP Wealth Advisors LLC Invests $214,000 in InterDigital, Inc. $IDCC

Key Points

• EP Wealth Advisors LLC has acquired a new position in InterDigital, purchasing 1,034 shares valued at approximately $214,000 during the 1st quarter.
• InterDigital reported strong earnings, with $6.52 earnings per share for the last quarter, significantly surpassing analysts' estimates of $2.77.
• The company recently announced a quarterly dividend of $0.60 per share, representing a yield of 0.8% and a payout ratio of 17.11%.

EP Wealth Advisors LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,034 shares of the Wireless communications provider's stock, valued at approximately $214,000.

Several other large investors have also recently modified their holdings of IDCC. Cetera Investment Advisers raised its stake in shares of InterDigital by 20.2% during the 4th quarter. Cetera Investment Advisers now owns 2,902 shares of the Wireless communications provider's stock worth $562,000 after acquiring an additional 487 shares in the last quarter. Deutsche Bank AG raised its stake in shares of InterDigital by 40.9% during the 4th quarter. Deutsche Bank AG now owns 29,668 shares of the Wireless communications provider's stock worth $5,747,000 after acquiring an additional 8,616 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in shares of InterDigital by 34.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 16,054 shares of the Wireless communications provider's stock worth $3,110,000 after acquiring an additional 4,090 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of InterDigital during the 4th quarter worth approximately $1,136,000. Finally, Janus Henderson Group PLC raised its stake in shares of InterDigital by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 12,214 shares of the Wireless communications provider's stock worth $2,367,000 after acquiring an additional 1,360 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

IDCC stock traded up $6.44 during midday trading on Monday, hitting $329.31. 600,269 shares of the stock traded hands, compared to its average volume of 274,892. The firm has a market cap of $8.50 billion, a P/E ratio of 23.47, a PEG ratio of 1.61 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The stock's fifty day simple moving average is $260.39 and its 200-day simple moving average is $229.36. InterDigital, Inc. has a 1-year low of $134.40 and a 1-year high of $331.90.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings results 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. The company 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 firm's revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the business 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. On average, analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Capital upped their price target on shares of InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, InterDigital has an average rating of "Buy" and a consensus price target of $350.00.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction on 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 directly owned 67,122 shares of the company's stock, valued at $17,520,855.66. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction on Friday, August 29th. The shares were 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 approximately $7,748,414.40. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,932 shares of company stock worth $1,010,930. Insiders own 2.30% of the company's stock.

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.