Oak Family Advisors LLC Purchases 832 Shares of InterDigital, Inc. $IDCC

Key Points

• Oak Family Advisors LLC increased its position in InterDigital, Inc. by 7.8%, purchasing an additional 832 shares, bringing its total holdings to 11,440 shares valued at $2,565,000.
• Several institutional investors, including Janney Montgomery Scott LLC, have significantly increased their stakes in InterDigital, reflecting a growing interest in the company, which is now 99.83% owned by institutional investors.
• InterDigital reported strong quarterly earnings, achieving $6.52 earnings per share, surpassing estimates and showing a 34.5% revenue increase from the previous year; the company also announced a dividend increase to $0.70 per share.

Oak Family Advisors LLC increased its position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,440 shares of the Wireless communications provider's stock after purchasing an additional 832 shares during the period. Oak Family Advisors LLC's holdings in InterDigital were worth $2,565,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its stake in InterDigital by 725.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 53,231 shares of the Wireless communications provider's stock valued at $11,936,000 after acquiring an additional 46,785 shares during the period. Sage Rhino Capital LLC purchased a new stake in shares of InterDigital during the 2nd quarter valued at about $209,000. State of Alaska Department of Revenue increased its position in shares of InterDigital by 8.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,447 shares of the Wireless communications provider's stock valued at $3,462,000 after purchasing an additional 1,215 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of InterDigital during the 2nd quarter valued at about $208,000. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of InterDigital during the 2nd quarter valued at about $158,000. Institutional investors own 99.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IDCC. Jefferies Financial Group reissued a "hold" rating and issued a $340.00 target price on shares of InterDigital in a report on Monday. William Blair restated an "outperform" rating on shares of InterDigital in a research report on Monday, September 22nd. Finally, Roth Capital increased their target price on InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $345.00.

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction that occurred on 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 $19,160,833.16. This represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the sale, the insider owned 28,370 shares in the company, valued at approximately $7,748,414.40. This represents a 1.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,466 shares of company stock worth $902,664. 2.80% of the stock is owned by insiders.

InterDigital Stock Performance

IDCC opened at $348.64 on Tuesday. InterDigital, Inc. has a 52-week low of $140.47 and a 52-week high of $360.30. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. The company 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 firm's 50-day moving average price is $282.98 and its 200-day moving average price is $238.42.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm had revenue of $300.60 million for the quarter, compared to the consensus estimate of $167.93 million. During the same quarter in the prior year, the company posted $4.57 earnings per share. The company's revenue for the quarter was up 34.5% compared to the same quarter last year. 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 anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Increases Dividend

The business also recently disclosed 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 is currently 19.96%.

About InterDigital

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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