Trexquant Investment LP Acquires 34,482 Shares of InterDigital, Inc. $IDCC

Key Points

• Trexquant Investment LP significantly increased its stake in InterDigital, raising its holdings by 143.6% and owning 58,502 shares valued at approximately $12.1 million as of the latest SEC filing.
• Several institutional investors, including Reinhart Partners and Price T Rowe Associates, also boosted their positions in InterDigital, reflecting strong interest in the company among large investors.
• InterDigital reported impressive financial results, with EPS of $6.52 for the latest quarter, surpassing estimates, while also announcing a quarterly dividend of $0.60, marking a yield of 0.9%.

Trexquant Investment LP boosted its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 143.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,502 shares of the Wireless communications provider's stock after acquiring an additional 34,482 shares during the period. Trexquant Investment LP owned 0.23% of InterDigital worth $12,095,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Elequin Capital LP acquired a new stake in shares of InterDigital in the 4th quarter worth about $29,000. Wayfinding Financial LLC purchased a new position in shares of InterDigital during the first quarter valued at approximately $32,000. Headlands Technologies LLC bought a new stake in InterDigital during the first quarter worth $35,000. Concord Wealth Partners bought a new stake in InterDigital during the first quarter worth $37,000. Finally, Versant Capital Management Inc raised its position in InterDigital by 957.9% in the 1st quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock valued at $42,000 after buying an additional 182 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In other news, Director Samir Armaly sold 779 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the completion of the transaction, the director directly owned 3,128 shares of the company's stock, valued at $708,554.56. This represents a 19.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Kritzmacher sold 519 shares of InterDigital stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the completion of the sale, the director directly owned 19,774 shares of the company's stock, 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. Over the last quarter, insiders sold 5,528 shares of company stock valued at $1,309,157. Corporate insiders own 2.30% of the company's stock.

InterDigital Stock Up 1.2%

IDCC traded up $3.47 during mid-day trading on Wednesday, reaching $280.96. 66,170 shares of the stock were exchanged, compared to its average volume of 324,321. InterDigital, Inc. has a 1 year low of $129.76 and a 1 year high of $282.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $7.25 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The company has a 50 day moving average price of $246.19 and a two-hundred day moving average price of $223.51.

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, beating analysts' consensus estimates of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. During the same period last year, the firm earned $4.57 earnings per share. The firm's revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. As a group, research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were given 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 dividend payout ratio (DPR) 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.