Moran Wealth Management LLC Has $1.06 Million Stock Holdings in InterDigital, Inc. $IDCC

Key Points

• Moran Wealth Management LLC increased its stake in InterDigital, Inc. by 20.8% during the second quarter, holding shares worth $1.06 million now.
• InterDigital reported earnings of $6.52 per share, significantly beating analyst estimates of $2.77, with a revenue of $300.60 million for the quarter.
• The company recently announced an increase in its quarterly dividend from $0.60 to $0.70 per share, representing a yield of 0.8%.

Moran Wealth Management LLC increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 20.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,722 shares of the Wireless communications provider's stock after purchasing an additional 814 shares during the quarter. Moran Wealth Management LLC's holdings in InterDigital were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IDCC. Farther Finance Advisors LLC boosted its stake in shares of InterDigital by 2.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,029 shares of the Wireless communications provider's stock valued at $455,000 after purchasing an additional 54 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of InterDigital by 3.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider's stock valued at $396,000 after purchasing an additional 59 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in shares of InterDigital by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider's stock valued at $381,000 after purchasing an additional 60 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of InterDigital by 4.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider's stock valued at $377,000 after purchasing an additional 75 shares during the last quarter. Finally, RHS Financial LLC boosted its stake in shares of InterDigital by 4.1% in the 2nd quarter. RHS Financial LLC now owns 2,045 shares of the Wireless communications provider's stock valued at $459,000 after purchasing an additional 81 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Up 1.8%

Shares of NASDAQ IDCC opened at $364.69 on Thursday. The firm has a market cap of $9.41 billion, a PE ratio of 25.99, a P/E/G ratio of 1.76 and a beta of 1.44. InterDigital, Inc. has a 12-month low of $144.46 and a 12-month high of $368.30. The company's fifty day simple moving average is $308.43 and its 200 day simple moving average is $248.88. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02.

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, topping 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 net margin of 51.92% and a return on equity of 53.44%. InterDigital's revenue was up 34.5% on a year-over-year basis. During the same period in the prior 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. As a group, sell-side analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be issued a dividend of $0.70 per share. The ex-dividend date 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 yield of 0.8%. InterDigital's dividend payout ratio is currently 19.96%.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares in the company, valued at approximately $17,520,855.66. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the company's stock in a transaction 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 owned 28,370 shares in the company, valued at approximately $7,748,414.40. The trade was a 1.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,466 shares of company stock worth $1,016,164. Corporate insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Roth Capital upped their price objective on shares of InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 12th. William Blair reaffirmed an "outperform" rating on shares of InterDigital in a research note on Monday, September 22nd. Jefferies Financial Group reaffirmed a "hold" rating and issued a $340.00 price objective on shares of InterDigital in a research note on Monday, September 29th. Finally, Weiss Ratings raised shares of InterDigital from a "buy (b+)" rating to a "buy (a)" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $345.00.

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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