InterDigital, Inc. $IDCC Shares Sold by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in InterDigital, Inc. by 21.1%, selling 129,505 shares, leaving them with 483,346 shares worth approximately $99.9 million.
• Other institutional investors such as Wealth Enhancement Advisory Services LLC and Cerity Partners LLC have increased their holdings in InterDigital, indicating mixed sentiment among major shareholders.
• InterDigital recently reported a record quarterly revenue of $300.6 million, significantly exceeding analyst expectations, while also announcing a $0.60 quarterly dividend with an annualized yield of 0.9%.

Fuller & Thaler Asset Management Inc. lowered its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 483,346 shares of the Wireless communications provider's stock after selling 129,505 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.86% of InterDigital worth $99,932,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IDCC. Russell Investments Group Ltd. grew its holdings in shares of InterDigital by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider's stock worth $568,000 after purchasing an additional 51 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of InterDigital by 3.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider's stock worth $396,000 after purchasing an additional 59 shares during the period. Leavell Investment Management Inc. grew its holdings in shares of InterDigital by 3.4% during the 1st quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider's stock worth $381,000 after purchasing an additional 60 shares during the period. Flagship Harbor Advisors LLC grew 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 worth $377,000 after purchasing an additional 75 shares during the period. Finally, Xponance Inc. grew its holdings in shares of InterDigital by 5.5% during the 1st quarter. Xponance Inc. now owns 1,923 shares of the Wireless communications provider's stock worth $398,000 after purchasing an additional 100 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In other news, Director John A. Kritzmacher sold 519 shares of the 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 completion of the transaction, the director directly owned 19,774 shares in the company, valued at approximately $4,481,777.10. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Samir Armaly sold 779 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the transaction, the director directly owned 3,128 shares in the company, valued at approximately $708,554.56. The trade was a 19.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,062 shares of company stock worth $1,181,883. Insiders own 2.80% of the company's stock.

InterDigital Trading Up 3.0%

Shares of NASDAQ IDCC traded up $7.73 during mid-day trading on Friday, reaching $266.27. 244,907 shares of the company's stock were exchanged, compared to its average volume of 325,862. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a 52-week low of $129.76 and a 52-week high of $277.95. The company's 50-day moving average is $239.08 and its 200-day moving average is $219.73.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly 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 business had revenue of $300.60 million during the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The company's revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Analysts expect that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.9%. InterDigital's dividend payout ratio is currently 17.11%.

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.