PDT Partners LLC Buys Shares of 9,850 InterDigital, Inc. $IDCC

Key Points

• PDT Partners LLC has invested approximately $2.04 million in InterDigital, purchasing 9,850 shares in the first quarter.
• InterDigital reported earnings of $6.52 per share, significantly beating the consensus estimate of $2.77, and experienced a 34.5% increase in quarterly revenue year-over-year.
• The firm announced a quarterly dividend of $0.60 per share with a yield of 0.9%, reflecting a payout ratio of 17.11%.

PDT Partners LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,850 shares of the Wireless communications provider's stock, valued at approximately $2,036,000.

A number of other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its position in InterDigital by 3.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider's stock worth $396,000 after purchasing an additional 59 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in InterDigital by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider's stock worth $381,000 after buying an additional 60 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in InterDigital by 4.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider's stock worth $377,000 after buying an additional 75 shares during the last quarter. Xponance Inc. lifted its holdings in InterDigital by 5.5% in the 1st quarter. Xponance Inc. now owns 1,923 shares of the Wireless communications provider's stock valued at $398,000 after purchasing an additional 100 shares in the last quarter. Finally, NDVR Inc. boosted its holdings in shares of InterDigital by 5.0% during the 4th quarter. NDVR Inc. now owns 2,544 shares of the Wireless communications provider's stock worth $493,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Trading Down 0.0%

NASDAQ:IDCC traded down $0.08 during trading hours on Friday, reaching $287.80. 364,390 shares of the stock were exchanged, compared to its average volume of 246,071. 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 business has a 50-day moving average of $249.62 and a two-hundred day moving average of $224.98. InterDigital, Inc. has a twelve month low of $129.76 and a twelve month high of $294.38. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.44 and a beta of 1.42.

InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating 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 return on equity of 53.44% and a net margin of 51.92%.InterDigital's quarterly revenue was up 34.5% on a year-over-year basis. During the same period last 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. On average, equities analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 9th. InterDigital's payout ratio is 17.11%.

Insider Buying and Selling

In related news, Director Derek K. Aberle sold 692 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.41, for a total value of $156,675.72. Following the completion of the transaction, the director owned 6,192 shares of the company's stock, valued at approximately $1,401,930.72. This represents a 10.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Samir Armaly sold 779 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the sale, the director owned 3,128 shares in the company, valued at $708,554.56. The trade was a 19.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,528 shares of company stock valued at $1,309,157 over the last ninety days. Insiders own 2.80% of the company's stock.

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.