AlphaQuest LLC Reduces Stock Holdings in InterDigital, Inc. $IDCC

Key Points

• AlphaQuest LLC has reduced its holdings in InterDigital, Inc. by 40.1% during the first quarter, now owning only 2,055 shares valued at approximately $425,000.
• The company's recent quarterly earnings showed a net margin of 51.92% and a revenue of $300.60 million, significantly exceeding analysts' estimates.
• InterDigital has announced a quarterly dividend of $0.60 per share, which translates to an annual yield of 0.9%, with a payout ratio of 17.11%.

AlphaQuest LLC lessened its position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 40.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,055 shares of the Wireless communications provider's stock after selling 1,375 shares during the quarter. AlphaQuest LLC's holdings in InterDigital were worth $425,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of InterDigital by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock worth $928,000 after acquiring an additional 316 shares in the last quarter. Cerity Partners LLC raised its stake in shares of InterDigital by 91.2% during the 1st quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider's stock worth $533,000 after acquiring an additional 1,229 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of InterDigital by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider's stock worth $30,265,000 after acquiring an additional 11,411 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of InterDigital by 25.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,707 shares of the Wireless communications provider's stock worth $560,000 after acquiring an additional 542 shares in the last quarter. Finally, CWM LLC raised its stake in shares of InterDigital by 24.0% during the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider's stock worth $235,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

InterDigital stock traded down $1.80 during mid-day trading on Friday, reaching $271.71. 400,178 shares of the company traded hands, compared to its average volume of 254,214. 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 fifty-two week low of $129.76 and a fifty-two week high of $277.95. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.37. The firm's fifty day moving average is $244.55 and its two-hundred day moving average is $222.59.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued 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. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. During the same quarter in the prior year, the business posted $4.57 EPS. InterDigital's revenue for the quarter was up 34.5% compared to the same quarter last year. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. On average, equities research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently declared 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. The ex-dividend date was Wednesday, July 9th. This represents a $2.40 dividend on an annualized basis and a yield of 0.9%. InterDigital's dividend payout ratio is presently 17.11%.

Insider Buying and Selling at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 519 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were 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 represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Samir Armaly sold 779 shares of the company's 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 transaction, the director owned 3,128 shares in the company, valued at $708,554.56. The trade was a 19.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,062 shares of company stock worth $1,181,883 in the last three months. 2.80% of the stock is owned by company insiders.

About InterDigital

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.