Nuveen LLC Acquires New Shares in InterDigital, Inc. $IDCC

Key Points

• Nuveen LLC has acquired a new stake in InterDigital, purchasing over 101,000 shares valued at approximately $20.97 million, representing about 0.39% of the company's stock.
• Institutional investors are heavily investing in InterDigital, with GAMMA Investing increasing its holdings by over 31,724% to own approximately 299,788 shares valued at $619.81 million.
• InterDigital recently announced a quarterly dividend of $0.60 per share, contributing to an annualized yield of 0.9%, after reporting a significant earnings beat with $6.52 EPS for the last quarter.

Nuveen LLC acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 101,411 shares of the Wireless communications provider's stock, valued at approximately $20,967,000. Nuveen LLC owned about 0.39% of InterDigital as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in InterDigital by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider's stock valued at $928,000 after acquiring an additional 316 shares during the last quarter. Cerity Partners LLC raised its stake in shares of InterDigital by 91.2% during the 1st quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider's stock worth $533,000 after buying an additional 1,229 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of InterDigital by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider's stock worth $30,265,000 after buying an additional 11,411 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of InterDigital by 25.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,707 shares of the Wireless communications provider's stock worth $560,000 after buying an additional 542 shares in the last quarter. Finally, CWM LLC raised its stake in shares of InterDigital by 24.0% during the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider's stock worth $235,000 after buying an additional 220 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In other news, Director Jean F. Rankin sold 606 shares of the 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 directly owned 27,353 shares of the company's stock, valued at approximately $6,194,633.91. This represents a 2.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the director directly owned 6,192 shares of the company's stock, valued at $1,401,930.72. The trade was a 10.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,062 shares of company stock worth $1,181,883. 2.30% of the stock is currently owned by company insiders.

InterDigital Stock Performance

Shares of IDCC stock traded down $1.06 during trading hours on Monday, reaching $265.21. 513,354 shares of the company's stock were exchanged, compared to its average volume of 304,067. The company has a market cap of $6.84 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. The company's 50 day moving average is $240.89 and its two-hundred day moving average is $221.04. InterDigital, Inc. has a 1 year low of $129.76 and a 1 year high of $277.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96.

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 analysts' consensus estimates of $2.77 by $3.75. The business had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The company's revenue for the quarter was up 34.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.57 EPS. 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 EPS for the current fiscal year.

InterDigital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 9th. InterDigital's dividend payout ratio is 17.11%.

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.