Round Hill Asset Management Buys New Stake in InterDigital, Inc. $IDCC

Key Points

• Round Hill Asset Management has acquired a new stake in InterDigital, Inc., purchasing 1,078 shares valued at approximately $223,000 in the first quarter.
• Several institutional investors have significantly increased their stakes in InterDigital, with GAMMA Investing's position jumping by 31,724.6% during the same period, indicating strong interest in the company.
• InterDigital recently announced a quarterly dividend of $0.60 per share, representing an annualized payout of $2.40 and a dividend yield of 0.9%.

Round Hill Asset Management bought a new position in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,078 shares of the Wireless communications provider's stock, valued at approximately $223,000.

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

Insiders Place Their Bets

In other news, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $226.65, for a total transaction of $117,631.35. Following the sale, the director directly owned 19,774 shares in the company, valued at $4,481,777.10. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Samir Armaly sold 779 shares of the firm's stock in a transaction 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 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. In the last ninety days, insiders sold 5,062 shares of company stock valued at $1,181,883. 2.80% of the stock is currently owned by corporate insiders.

InterDigital Stock Performance

Shares of IDCC traded up $8.5150 during mid-day trading on Friday, hitting $267.0550. 94,284 shares of the company traded hands, compared to its average volume of 324,904. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a 50-day moving average price of $239.08 and a two-hundred day moving average price of $219.73. InterDigital, Inc. has a 1 year low of $129.76 and a 1 year high of $277.95. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.58 and a beta of 1.37.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share 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 during the quarter, compared to analysts' expectations of $167.93 million. During the same period in the previous year, the company earned $4.57 earnings per share. The firm's quarterly revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Equities analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share 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 $0.60 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 0.9%. InterDigital's dividend payout ratio (DPR) is presently 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.