LPL Financial LLC Buys 6,249 Shares of InterDigital, Inc. $IDCC

Key Points

• LPL Financial LLC significantly increased its stake in InterDigital, acquiring 6,249 shares to lift its holdings by 78.2%, bringing its total to 14,245 shares valued at approximately $2.95 million.
• InterDigital reported a quarterly EPS of $6.52, greatly exceeding analyst estimates, with revenues of $300.60 million, which is up 34.5% year-over-year.
• The company declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 0.9% and a payout ratio of 17.11%.

LPL Financial LLC lifted its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 78.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,245 shares of the Wireless communications provider's stock after acquiring an additional 6,249 shares during the period. LPL Financial LLC owned 0.05% of InterDigital worth $2,945,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Elequin Capital LP bought a new position in shares of InterDigital in the fourth quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of InterDigital in the first quarter worth about $32,000. Concord Wealth Partners bought a new position in shares of InterDigital in the first quarter worth about $37,000. Versant Capital Management Inc boosted its stake in shares of InterDigital by 957.9% in the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock worth $42,000 after acquiring an additional 182 shares during the period. Finally, Transce3nd LLC bought a new position in shares of InterDigital in the fourth quarter worth about $110,000. Institutional investors own 99.83% of the company's stock.

InterDigital Price Performance

Shares of NASDAQ IDCC traded down $1.42 during mid-day trading on Thursday, reaching $258.54. The company's stock had a trading volume of 198,041 shares, compared to its average volume of 296,485. The firm has a market capitalization of $6.67 billion, a PE ratio of 18.43, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a fifty day moving average of $239.08 and a two-hundred day moving average of $219.73. InterDigital, Inc. has a 52 week low of $129.76 and a 52 week high of $277.95.

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, topping 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 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 quarter in the prior year, the company 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. As a group, sell-side analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Dividend Announcement

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

Insider Buying and Selling at InterDigital

In other InterDigital news, Director Jean F. Rankin sold 606 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the transaction, the director owned 27,353 shares in the company, valued at $6,194,633.91. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Derek K. Aberle sold 692 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.41, for a total value of $156,675.72. Following the transaction, the director owned 6,192 shares of the company's stock, valued at $1,401,930.72. This represents a 10.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,062 shares of company stock worth $1,181,883 over the last three months. 2.80% of the stock is 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.