56,326 Shares in InterDigital, Inc. $IDCC Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 56,326 shares of the Wireless communications provider's stock, valued at approximately $11,645,000. Jacobs Levy Equity Management Inc. owned approximately 0.22% of InterDigital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Reinhart Partners LLC. increased its position in InterDigital by 13.9% during the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider's stock worth $84,859,000 after purchasing an additional 50,204 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in InterDigital by 19.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider's stock worth $74,191,000 after purchasing an additional 59,517 shares in the last quarter. Invesco Ltd. increased its position in InterDigital by 8.5% during the 1st quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider's stock worth $73,542,000 after purchasing an additional 27,853 shares in the last quarter. Congress Asset Management Co. increased its position in InterDigital by 5.0% during the 1st quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider's stock worth $70,109,000 after purchasing an additional 16,040 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in InterDigital by 31,724.6% in the 1st quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider's stock worth $619,810,000 after buying an additional 298,846 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Analyst Ratings Changes

Separately, Roth Capital lifted their price target 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 data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $350.00.

InterDigital Trading Down 0.6%

Shares of NASDAQ IDCC traded down $2.00 during midday trading on Friday, hitting $322.87. The stock had a trading volume of 332,399 shares, compared to its average volume of 266,122. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.62 and a beta of 1.42. InterDigital, Inc. has a 1-year low of $132.98 and a 1-year high of $327.49. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $258.33 and a 200 day moving average price of $228.42.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating the consensus estimate 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 company's revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the company 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 predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction that occurred 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was 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. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,932 shares of company stock worth $1,010,930 over the last three months. 2.80% of the stock is currently owned by corporate 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.