Price T Rowe Associates Inc. MD Grows Position in InterDigital, Inc. $IDCC

Key Points

• Price T Rowe Associates Inc. MD increased its stake in InterDigital, Inc. by 19.9%, acquiring an additional 59,517 shares during the first quarter, bringing its total ownership to 358,843 shares valued at approximately $74 million.
• Multiple hedge funds have also enhanced their investments in InterDigital, with GAMMA Investing LLC. showing a dramatic increase of 31,724.6%, now holding 299,788 shares valued at around $620 million.
• InterDigital recently reported a quarterly EPS of $6.52, significantly surpassing analysts' estimates, along with a 34.5% year-over-year revenue growth, leading to an updated FY 2025 EPS guidance of 14.170-14.770.

Price T Rowe Associates Inc. MD raised its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 19.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 358,843 shares of the Wireless communications provider's stock after purchasing an additional 59,517 shares during the period. Price T Rowe Associates Inc. MD owned 1.38% of InterDigital worth $74,191,000 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. Elequin Capital LP purchased a new position in InterDigital during the 4th quarter valued at about $29,000. Wayfinding Financial LLC purchased a new position in shares of InterDigital in the 1st quarter worth approximately $32,000. Headlands Technologies LLC purchased a new position in shares of InterDigital in the 1st quarter worth approximately $35,000. Concord Wealth Partners purchased a new position in shares of InterDigital in the 1st quarter worth approximately $37,000. Finally, Versant Capital Management Inc grew its position in shares of InterDigital by 957.9% in the 1st quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock worth $42,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company's stock.

Insider Activity at InterDigital

In other InterDigital news, Director Samir Armaly sold 779 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the sale, the director owned 3,128 shares of the company's stock, valued at approximately $708,554.56. The trade was a 19.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total transaction of $261,030.00. Following the sale, the chief technology officer directly owned 67,122 shares in the company, valued at approximately $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,062 shares of company stock worth $1,181,883 in the last 90 days. 2.80% of the stock is owned by insiders.

InterDigital Stock Down 0.7%

Shares of InterDigital stock traded down $1.80 on Friday, reaching $271.71. The stock had a trading volume of 400,178 shares, compared to its average volume of 326,106. The company has a 50 day moving average price of $243.66 and a 200 day moving average price of $222.15. 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, Inc. has a 1 year low of $129.76 and a 1 year high of $277.95. The stock has a market capitalization of $7.01 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.64 and a beta of 1.37.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its quarterly earnings data 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. 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 previous year, the firm earned $4.57 EPS. The company's quarterly revenue 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 research analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Dividend Announcement

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

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.