Jones Financial Companies Lllp Grows Position in InterDigital, Inc. $IDCC

Key Points

• Jones Financial Companies Lllp significantly increased its stake in InterDigital, Inc. by 12,728.1% in Q1, acquiring a total of 11,417 shares valued at approximately $2.36 million.
• Other institutional investors like GAMMA Investing LLC and Bessemer Group Inc. also reported massive increases in their holdings, with GAMMA boosting its stake by 31,724.6%, owning over $619 million worth of shares.
• InterDigital's latest earnings report showed a substantial 34.5% year-over-year revenue growth, with an EPS of $6.52, surpassing analysts' expectations by $3.75.

Jones Financial Companies Lllp grew its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 12,728.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,417 shares of the Wireless communications provider's stock after buying an additional 11,328 shares during the period. Jones Financial Companies Lllp's holdings in InterDigital were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elequin Capital LP bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of InterDigital during the first quarter valued at approximately $32,000. Headlands Technologies LLC bought a new stake in shares of InterDigital during the first quarter valued at approximately $35,000. Banque Transatlantique SA bought a new stake in InterDigital in the first quarter worth $33,000. Finally, Concord Wealth Partners bought a new stake in InterDigital in the first quarter worth $37,000. Institutional investors own 99.83% of the company's stock.

Insiders Place Their Bets

In other news, CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $289.78, for a total transaction of $289,780.00. Following the completion of the sale, the chief technology officer directly owned 66,122 shares of the company's stock, valued at approximately $19,160,833.16. The trade was a 1.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $273.12, for a total transaction of $127,273.92. Following the sale, the insider directly owned 28,370 shares of the company's stock, valued at $7,748,414.40. This represents a 1.62% 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 valued at $1,010,930 over the last three months. Insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Roth Capital boosted their price target on shares of InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $350.00.

InterDigital Trading Up 2.0%

Shares of IDCC traded up $6.44 during trading hours on Monday, reaching $329.31. 600,269 shares of the company traded hands, compared to its average volume of 326,535. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.61 and a beta of 1.42. InterDigital, Inc. has a 12-month low of $134.40 and a 12-month high of $331.90. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. The stock's fifty day moving average price is $258.33 and its 200 day moving average price is $228.55.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its 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. The firm had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business's revenue was up 34.5% on a year-over-year basis. 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. Sell-side analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Company 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.