UniSuper Management Pty Ltd Takes Position in InterDigital, Inc. $IDCC

Key Points

• UniSuper Management Pty Ltd has acquired a new stake in InterDigital, purchasing 6,946 shares valued at approximately $1.44 million in the first quarter.
• InterDigital reported a significant increase in its revenue, with a 34.5% year-over-year growth and earnings per share of $6.52, surpassing analyst expectations.
• The company has set its FY 2025 earnings guidance at a range of 14.170 to 14.770 EPS, indicating strong future performance expectations.

UniSuper Management Pty Ltd bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,946 shares of the Wireless communications provider's stock, valued at approximately $1,436,000.

A number of other hedge funds have also recently bought and sold shares of the business. New Vernon Capital Holdings II LLC grew its stake in InterDigital by 25,257.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 204,889 shares of the Wireless communications provider's stock valued at $42,361,000 after purchasing an additional 204,081 shares in the last quarter. NewEdge Advisors LLC grew its stake in InterDigital by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider's stock valued at $809,000 after purchasing an additional 1,069 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in InterDigital during the 1st quarter valued at approximately $11,645,000. Granahan Investment Management LLC acquired a new stake in InterDigital during the 1st quarter valued at approximately $1,572,000. Finally, Hancock Whitney Corp grew its stake in InterDigital by 18.6% during the 1st quarter. Hancock Whitney Corp now owns 19,259 shares of the Wireless communications provider's stock valued at $3,982,000 after purchasing an additional 3,018 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $298.25 on Thursday. InterDigital, Inc. has a fifty-two week low of $130.46 and a fifty-two week high of $307.57. The business has a 50 day moving average price of $254.34 and a two-hundred day moving average price of $226.71. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. The firm has a market cap of $7.69 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42.

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 for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The firm had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. During the same quarter last year, the firm earned $4.57 EPS. InterDigital'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. Sell-side analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction that occurred 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 transaction, the insider owned 28,370 shares of the company's stock, valued at $7,748,414.40. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total value of $261,030.00. Following the transaction, 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. In the last ninety days, insiders have sold 3,932 shares of company stock worth $1,010,930. 2.80% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding IDCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterDigital, Inc. (NASDAQ:IDCC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.