Sage Rhino Capital LLC Invests $209,000 in InterDigital, Inc. $IDCC

Key Points

• Sage Rhino Capital LLC invested approximately $209,000 in InterDigital, acquiring 934 shares as part of their second-quarter financial activities.
• InterDigital reported strong quarterly earnings, with $6.52 earnings per share, significantly exceeding analysts' expectations of $2.77, and announced a quarterly dividend increase to $0.70.
• Insider trading activity included a sale of 466 shares by Joshua D. Schmidt, and a total of 3,466 shares sold by insiders over the last three months, reflecting a slight decrease in their holdings.

Sage Rhino Capital LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 934 shares of the Wireless communications provider's stock, valued at approximately $209,000.

Other hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in InterDigital in the first quarter worth approximately $32,000. Banque Transatlantique SA acquired a new position in shares of InterDigital in the 1st quarter valued at $33,000. Headlands Technologies LLC purchased a new position in shares of InterDigital during the 1st quarter worth $35,000. Concord Wealth Partners acquired a new stake in shares of InterDigital during the 1st quarter worth about $37,000. Finally, Global Wealth Strategies & Associates purchased a new stake in InterDigital in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of InterDigital stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the transaction, the insider owned 28,370 shares in the company, valued at approximately $7,748,414.40. This trade represents a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of the company'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 owned 67,122 shares in the company, valued at $17,520,855.66. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,466 shares of company stock valued at $902,664 over the last three months. 2.30% of the stock is currently owned by insiders.

InterDigital Stock Up 1.8%

Shares of NASDAQ:IDCC opened at $345.05 on Monday. The firm has a market capitalization of $8.90 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $138.62 and a 1 year high of $360.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The firm's 50-day moving average is $280.54 and its two-hundred day moving average is $237.50.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings data 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. 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 quarter in the previous year, the business posted $4.57 earnings per share. The business'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. Analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. This is a boost from InterDigital's previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. InterDigital's dividend payout ratio (DPR) is 17.11%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Roth Capital increased their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. William Blair reaffirmed an "outperform" rating on shares of InterDigital in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $350.00.

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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