Robeco Institutional Asset Management B.V. Sells 32,165 Shares of InterDigital, Inc. $IDCC

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in InterDigital, Inc. by 20.5% during the 2nd quarter, selling 32,165 shares, leaving it with approximately $28 million worth of shares.
• Insider trading activity includes Joshua D. Schmidt and CTO Rajesh Pankaj selling shares, with weakening ownership stakes following their transactions.
• Analyst recommendations for InterDigital include a buy rating with a target price increase to $350, indicating a positive outlook for the company despite stock performance down by 4.8% recently.

Robeco Institutional Asset Management B.V. trimmed its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 20.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,866 shares of the Wireless communications provider's stock after selling 32,165 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.48% of InterDigital worth $27,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wayfinding Financial LLC bought a new position in shares of InterDigital during the 1st quarter valued at approximately $32,000. Global Wealth Strategies & Associates bought a new position in shares of InterDigital during the 2nd quarter valued at approximately $38,000. Headlands Technologies LLC bought a new position in shares of InterDigital during the 1st quarter valued at approximately $35,000. Banque Transatlantique SA bought a new position in shares of InterDigital during the 1st quarter valued at approximately $33,000. Finally, Concord Wealth Partners bought a new position in shares of InterDigital during the 1st quarter valued at approximately $37,000. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of InterDigital 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 completion of the sale, the insider directly owned 28,370 shares in the company, valued at approximately $7,748,414.40. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction 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 of the company's stock, valued at approximately $19,160,833.16. This trade represents a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,466 shares of company stock valued at $902,664. Corporate insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

IDCC has been the subject of a number of research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of InterDigital in a research report on Saturday, September 27th. Roth Capital increased their target price on InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 12th. William Blair reiterated an "outperform" rating on shares of InterDigital in a research report on Monday, September 22nd. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $340.00 target price on shares of InterDigital in a research report on Monday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $345.00.

InterDigital Stock Down 4.8%

Shares of IDCC opened at $339.10 on Friday. The company has a market cap of $8.75 billion, a PE ratio of 24.17, a P/E/G ratio of 1.75 and a beta of 1.44. The business has a fifty day moving average of $292.70 and a 200 day moving average of $241.68. InterDigital, Inc. has a 52-week low of $142.35 and a 52-week high of $361.56. 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 quarterly 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 company 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%.InterDigital's revenue was up 34.5% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts expect that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. This is a positive change from InterDigital's previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. 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.

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