Exencial Wealth Advisors LLC Takes Position in InterDigital, Inc. (NASDAQ:IDCC)

Key Points

• Exencial Wealth Advisors LLC has acquired a stake of 1,003 shares in InterDigital, Inc. valued at approximately $207,000 during the first quarter.
• InterDigital reported a remarkable increase in earnings per share to $6.52, significantly surpassing analysts' expectations of $2.77 for the last quarter.
• The company announced a quarterly dividend of $0.60 per share, which translates to an annualized dividend yield of 0.9% for shareholders.

Exencial Wealth Advisors LLC bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,003 shares of the Wireless communications provider's stock, valued at approximately $207,000.

Several other hedge funds have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. lifted its stake in InterDigital by 3.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,851 shares of the Wireless communications provider's stock valued at $118,722,000 after purchasing an additional 21,319 shares during the last quarter. Reinhart Partners LLC. lifted its stake in InterDigital by 13.9% in the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider's stock valued at $84,859,000 after purchasing an additional 50,204 shares during the last quarter. Congress Asset Management Co. lifted its stake in InterDigital by 5.0% in the 1st quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider's stock valued at $70,109,000 after purchasing an additional 16,040 shares during the last quarter. Invesco Ltd. lifted its stake in InterDigital by 4.7% in the 4th quarter. Invesco Ltd. now owns 327,851 shares of the Wireless communications provider's stock valued at $63,511,000 after purchasing an additional 14,809 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in InterDigital by 31,724.6% in the 1st quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider's stock valued at $619,810,000 after purchasing an additional 298,846 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $264.21 on Friday. The company's 50 day simple moving average is $231.18 and its 200 day simple moving average is $214.28. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. InterDigital, Inc. has a 1 year low of $129.76 and a 1 year high of $277.95.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $3.75. The firm had revenue of $300.60 million for the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company's revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.57 earnings per share. As a group, research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were paid 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 of this dividend was Wednesday, July 9th. InterDigital's payout ratio is presently 17.11%.

Insider Activity

In other InterDigital news, Director Derek K. Aberle sold 692 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the sale, the director owned 6,192 shares of the company's stock, valued at approximately $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Kritzmacher sold 519 shares of InterDigital 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 transaction, the director owned 19,774 shares in the company, valued at approximately $4,481,777.10. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,062 shares of company stock valued at $920,853. 2.80% of the stock is currently owned by insiders.

InterDigital 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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