Marshall Financial Group LLC Makes New Investment in InterDigital, Inc. $IDCC

Key Points

• Marshall Financial Group LLC invested approximately $963,000 in InterDigital, Inc. by acquiring 4,261 shares during the second quarter.
• InterDigital reported a significant earnings beat with $6.52 earnings per share and a revenue of $300.60 million for the latest quarter, exceeding analysts' expectations.
• The company announced an increase in its quarterly dividend to $0.70, with a scheduled payment date of October 22nd, reflecting a boost from the previous dividend of $0.60.

Marshall Financial Group 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,261 shares of the Wireless communications provider's stock, valued at approximately $963,000.

Several other institutional investors also recently added to or reduced their stakes in IDCC. Elequin Capital LP purchased a new stake in InterDigital during the 4th quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in InterDigital during the first quarter worth approximately $32,000. Banque Transatlantique SA purchased a new stake in shares of InterDigital during the 1st quarter worth $33,000. Headlands Technologies LLC purchased a new stake in shares of InterDigital during the 1st quarter worth about $35,000. Finally, Concord Wealth Partners acquired a new stake in shares of InterDigital during the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Stock Performance

Shares of NASDAQ:IDCC traded down $4.40 during midday trading on Friday, hitting $334.81. The stock had a trading volume of 768,534 shares, compared to its average volume of 301,858. The company has a market capitalization of $8.64 billion, a PE ratio of 23.86, a P/E/G ratio of 1.67 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $136.58 and a 1 year high of $341.47. 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 has a 50 day moving average price of $268.76 and a two-hundred day moving average price of $232.67.

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 for the quarter, topping analysts' consensus estimates 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 net margin of 51.92% and a return on equity of 53.44%. The firm's revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, equities analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This is a positive change from InterDigital's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. InterDigital's payout ratio is presently 19.96%.

Insiders Place Their Bets

In related news, insider Joshua D. Schmidt sold 466 shares of the 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 completion of the sale, the insider directly owned 28,370 shares in the company, valued at $7,748,414.40. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital 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 completion of the sale, the chief technology officer directly owned 66,122 shares in the company, valued at $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 quarter, insiders have sold 3,932 shares of company stock worth $1,010,930. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Roth Capital lifted their price target on InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $350.00.

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.