FCG Investment Co Makes New $808,000 Investment in InterDigital, Inc. $IDCC

Key Points

• FCG Investment Co has made a new investment of $808,000 in InterDigital, acquiring 3,605 shares of the company.
• InterDigital has increased its quarterly dividend to $0.70 per share, representing an annualized yield of 0.8%.
• The company's recent earnings reported a 34.5% year-over-year revenue increase, with a net margin of 51.92% and earnings per share of $6.52.

FCG Investment Co acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,605 shares of the Wireless communications provider's stock, valued at approximately $808,000.

Several other hedge funds have also made changes to their positions in IDCC. Jefferies Financial Group Inc. purchased a new position in shares of InterDigital during the fourth quarter worth about $1,136,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of InterDigital by 4.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider's stock valued at $808,000 after purchasing an additional 160 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of InterDigital by 957.9% in the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock valued at $42,000 after purchasing an additional 182 shares during the period. GAMMA Investing LLC raised its stake in shares of InterDigital by 31,724.6% during the first quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider's stock worth $619,810,000 after purchasing an additional 298,846 shares during the last quarter. Finally, Weybosset Research & Management LLC purchased a new stake in shares of InterDigital during the first quarter worth approximately $208,000. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity

In related news, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $289.78, for a total value of $289,780.00. Following the sale, the chief technology officer directly owned 66,122 shares of the company's stock, valued at approximately $19,160,833.16. This represents a 1.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the firm'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 transaction, the insider owned 28,370 shares of the company's stock, valued at $7,748,414.40. This trade represents a 1.62% 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 quarter. Insiders own 2.80% of the company's stock.

InterDigital Stock Down 2.1%

Shares of NASDAQ IDCC opened at $338.94 on Friday. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.42. InterDigital, Inc. has a 52 week low of $137.01 and a 52 week high of $360.30. The firm has a 50-day moving average price of $278.14 and a 200 day moving average price of $236.21. 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 (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. The company had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company's revenue for the quarter was up 34.5% on a year-over-year basis. During the same period last year, the firm earned $4.57 EPS. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Equities research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be given a $0.70 dividend. The ex-dividend date is Wednesday, October 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. This is a boost from InterDigital's previous quarterly dividend of $0.60. InterDigital's payout ratio is presently 17.11%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IDCC shares. William Blair reissued an "outperform" rating on shares of InterDigital in a research note on Monday. Roth Capital lifted their target price on shares of InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $350.00.

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.

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