Intech Investment Management LLC Has $18.59 Million Holdings in InterDigital, Inc. $IDCC

Key Points

• Intech Investment Management LLC reduced its holdings in InterDigital, Inc. by 8.2% in Q1, now owning 89,905 shares valued at $18.6 million.
• InterDigital reported a significant financial performance, with an EPS of $6.52 for the last quarter, exceeding estimates by $3.75, and a revenue of $300.6 million.
• The company declared a quarterly dividend of $0.60 per share, representing an annualized yield of 0.8%, with a payout ratio of 17.11%.

Intech Investment Management LLC lessened its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 8.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 89,905 shares of the Wireless communications provider's stock after selling 8,074 shares during the quarter. Intech Investment Management LLC owned about 0.35% of InterDigital worth $18,588,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in shares of InterDigital by 20.2% in the fourth quarter. Cetera Investment Advisers now owns 2,902 shares of the Wireless communications provider's stock valued at $562,000 after buying an additional 487 shares during the period. Deutsche Bank AG lifted its holdings in shares of InterDigital by 40.9% in the fourth quarter. Deutsche Bank AG now owns 29,668 shares of the Wireless communications provider's stock valued at $5,747,000 after buying an additional 8,616 shares during the period. Ensign Peak Advisors Inc lifted its holdings in shares of InterDigital by 34.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 16,054 shares of the Wireless communications provider's stock valued at $3,110,000 after buying an additional 4,090 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of InterDigital in the fourth quarter valued at $1,136,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of InterDigital by 12.5% in the fourth quarter. Janus Henderson Group PLC now owns 12,214 shares of the Wireless communications provider's stock valued at $2,367,000 after buying an additional 1,360 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Wall Street Analyst Weigh In

Separately, Roth Capital upped their price objective on InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $350.00.

Insider Buying and Selling at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $273.12, for a total transaction of $127,273.92. Following the transaction, the insider directly owned 28,370 shares of the company's stock, valued at approximately $7,748,414.40. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total value of $261,030.00. Following the transaction, the chief technology officer directly owned 67,122 shares in the company, valued at $17,520,855.66. The trade was a 1.47% 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 worth $1,010,930 over the last three months. 2.80% of the stock is owned by insiders.

InterDigital Trading Down 0.6%

Shares of InterDigital stock traded down $2.00 on Friday, reaching $322.87. 332,399 shares of the company were exchanged, compared to its average volume of 266,122. The stock has a fifty day moving average price of $258.33 and a 200-day moving average price of $228.42. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a fifty-two week low of $132.98 and a fifty-two week high of $327.49.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $3.75. The company had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.InterDigital's revenue for the quarter 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. On average, analysts expect that InterDigital, Inc. will post 9.21 EPS for the current year.

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.