Uniplan Investment Counsel Inc. Trims Holdings in InterDigital, Inc. $IDCC

Key Points

• Uniplan Investment Counsel Inc. reduced its holdings in InterDigital, Inc. by 16.8% in the first quarter, now owning 51,494 shares valued at approximately $10.6 million.
• InterDigital reported a net margin of 51.92% for its latest quarter, with earnings per share of $6.52, significantly exceeding the analyst estimates.
• Directors of InterDigital, John A. Kritzmacher and Jean F. Rankin, sold shares in recent transactions, resulting in a decrease in their ownership of the stock by 2.56% and 2.17%, respectively.

Uniplan Investment Counsel Inc. lowered its holdings in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 51,494 shares of the Wireless communications provider's stock after selling 10,409 shares during the quarter. InterDigital makes up about 1.0% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 24th largest holding. Uniplan Investment Counsel Inc. owned approximately 0.20% of InterDigital worth $10,647,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IDCC. Elequin Capital LP purchased a new stake in InterDigital in the fourth quarter worth $29,000. Wayfinding Financial LLC bought a new position in InterDigital in the 1st quarter worth $32,000. Headlands Technologies LLC purchased a new stake in shares of InterDigital in the 1st quarter worth about $35,000. Banque Transatlantique SA purchased a new stake in shares of InterDigital in the 1st quarter worth about $33,000. Finally, Concord Wealth Partners bought a new stake in shares of InterDigital during the 1st quarter valued at about $37,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other InterDigital news, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $226.65, for a total transaction of $117,631.35. Following the completion of the transaction, the director owned 19,774 shares of the company's stock, valued at approximately $4,481,777.10. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jean F. Rankin sold 606 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the sale, the director directly owned 27,353 shares in the company, valued at $6,194,633.91. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,528 shares of company stock valued at $1,309,157 in the last 90 days. Corporate insiders own 2.80% of the company's stock.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $287.80 on Friday. InterDigital, Inc. has a 1 year low of $129.76 and a 1 year high of $294.38. The stock has a market capitalization of $7.43 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.44 and a beta of 1.42. The company's 50-day moving average is $249.62 and its 200 day moving average is $224.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96.

InterDigital (NASDAQ:IDCC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, topping 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 business had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. During the same period last year, the business posted $4.57 earnings per share. InterDigital'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. On average, sell-side analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 9th. InterDigital's dividend payout ratio 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.

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