Invesco Ltd. Acquires 27,853 Shares of InterDigital, Inc. $IDCC

Key Points

• Invesco Ltd. increased its stake in InterDigital, Inc. by 8.5% during the 1st quarter, now owning approximately 1.37% of the company, valued at $73.54 million.
• InterDigital recently reported earnings of $6.52 per share, significantly surpassing the analyst estimate of $2.77, with a revenue increase of 34.5% year-over-year.
• The firm announced a quarterly dividend of $0.60 per share, reflecting an annualized yield of 0.9%.

Invesco Ltd. increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 8.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 355,704 shares of the Wireless communications provider's stock after acquiring an additional 27,853 shares during the period. Invesco Ltd. owned 1.37% of InterDigital worth $73,542,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IDCC. Russell Investments Group Ltd. increased 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 valued at $568,000 after acquiring an additional 51 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of InterDigital by 3.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,646 shares of the Wireless communications provider's stock valued at $513,000 after acquiring an additional 83 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of InterDigital by 488.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,842 shares of the Wireless communications provider's stock valued at $551,000 after acquiring an additional 2,359 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of InterDigital by 14.1% during the 4th quarter. First Trust Advisors LP now owns 103,295 shares of the Wireless communications provider's stock valued at $20,010,000 after acquiring an additional 12,804 shares during the last quarter. Finally, Natixis acquired a new position in shares of InterDigital during the 4th quarter valued at about $6,586,000. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Stock Down 0.5%

Shares of NASDAQ IDCC traded down $1.42 during mid-day trading on Thursday, reaching $258.54. 198,041 shares of the company traded hands, compared to its average volume of 296,485. 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 cap of $6.67 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company's fifty day moving average is $239.08 and its two-hundred day moving average is $219.73. InterDigital, Inc. has a fifty-two week low of $129.76 and a fifty-two week high of $277.95.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. The business 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%.The firm's revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Dividend Announcement

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

Insider Buying and Selling

In other InterDigital news, Director Samir Armaly sold 779 shares of InterDigital stock in a transaction that occurred on 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 of the company's stock, valued at $708,554.56. The trade was a 19.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John A. Kritzmacher sold 519 shares of InterDigital stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,062 shares of company stock worth $1,181,883. 2.80% of the stock is currently owned by company insiders.

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.