783 Shares in InterDigital, Inc. $IDCC Acquired by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. invested $176,000 in InterDigital, acquiring 783 shares of the wireless communications provider in the second quarter.
• InterDigital reported a strong quarterly earnings performance with an EPS of $6.52, exceeding estimates by $3.75, and a revenue of $300.60 million, up 34.5% year-over-year.
• The company announced a quarterly dividend increase to $0.70 per share, reflecting a boost from its previous dividend of $0.60, translating to an annualized yield of 0.8%.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 783 shares of the Wireless communications provider's stock, valued at approximately $176,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in InterDigital in the first quarter worth about $32,000. Banque Transatlantique SA bought a new stake in shares of InterDigital in the first quarter valued at approximately $33,000. Headlands Technologies LLC bought a new stake in shares of InterDigital in the first quarter valued at approximately $35,000. Concord Wealth Partners bought a new stake in shares of InterDigital in the first quarter valued at approximately $37,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of InterDigital in the second quarter valued at approximately $38,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $289.78, for a total transaction of $289,780.00. Following the completion of the sale, the chief technology officer directly owned 66,122 shares of the company's stock, valued at approximately $19,160,833.16. The trade was a 1.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total transaction of $127,273.92. Following the completion of the transaction, the insider owned 28,370 shares of the company's stock, valued at $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,932 shares of company stock valued at $1,010,930 over the last three months. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on IDCC. Roth Capital boosted their price objective on shares of InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 12th. William Blair reaffirmed an "outperform" rating on shares of InterDigital in a research note on Monday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $350.00.

InterDigital Price Performance

Shares of IDCC stock traded down $0.05 on Tuesday, reaching $346.44. The company's stock had a trading volume of 86,698 shares, compared to its average volume of 326,701. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. The stock's fifty day simple moving average is $271.15 and its 200-day simple moving average is $233.75. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $136.58 and a 1 year high of $360.30.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, topping the consensus estimate of $2.77 by $3.75. The company had revenue of $300.60 million during 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%. InterDigital's quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be paid a dividend of $0.70 per share. This is an increase from InterDigital's previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 8th. InterDigital's payout ratio is presently 17.11%.

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.