Kathmere Capital Management LLC Invests $208,000 in InterDigital, Inc. $IDCC

Key Points

• Kathmere Capital Management LLC invested $208,000 in InterDigital, Inc. by acquiring 928 shares, reflecting interest from several institutional investors in the company.
• Insider sales were reported, including transactions by Joshua D. Schmidt and Rajesh Pankaj, indicating a slight decrease in their shareholding.
• InterDigital increased its quarterly dividend from $0.60 to $0.70 per share, with an upcoming payment scheduled for October 22nd, showing a commitment to returning value to shareholders.

Kathmere Capital Management LLC bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 928 shares of the Wireless communications provider's stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in InterDigital by 7.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock valued at $928,000 after purchasing an additional 316 shares in the last quarter. Inspire Investing LLC raised its stake in InterDigital by 37.9% in the first quarter. Inspire Investing LLC now owns 15,227 shares of the Wireless communications provider's stock valued at $3,148,000 after purchasing an additional 4,188 shares in the last quarter. Cerity Partners LLC raised its stake in InterDigital by 91.2% in the first quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider's stock valued at $533,000 after purchasing an additional 1,229 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in InterDigital by 3.6% in the second quarter. Harbor Capital Advisors Inc. now owns 43,660 shares of the Wireless communications provider's stock valued at $9,790,000 after purchasing an additional 1,502 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in InterDigital in the first quarter valued at about $214,000. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Activity

In other news, insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction dated Friday, August 29th. The stock was 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 in the company, 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 document filed 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 dated Friday, September 5th. The stock was sold at an average price of $289.78, for a total value of $289,780.00. Following the sale, the chief technology officer owned 66,122 shares in the company, valued at approximately $19,160,833.16. This trade represents a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,466 shares of company stock worth $902,664. Company insiders own 2.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group reaffirmed a "hold" rating and issued a $340.00 price target on shares of InterDigital in a research note on Monday. Roth Capital lifted their target price on InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Finally, William Blair reiterated an "outperform" rating on shares of InterDigital in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $345.00.

InterDigital Stock Performance

NASDAQ:IDCC opened at $348.64 on Tuesday. The stock has a market cap of $9.00 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.70 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. The stock's 50-day moving average is $282.98 and its 200-day moving average is $238.42. InterDigital, Inc. has a 1-year low of $140.47 and a 1-year high of $360.30.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping the consensus estimate of $2.77 by $3.75. The company had revenue of $300.60 million for the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business's quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Equities research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. This is an increase from InterDigital's previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. InterDigital's dividend payout ratio (DPR) is presently 19.96%.

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.

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