United Services Automobile Association Invests $346,000 in InterDigital, Inc. $IDCC

Key Points

• United Services Automobile Association acquired a new stake in InterDigital, purchasing 1,645 shares valued at approximately $346,000 during the first quarter.
• InterDigital reported a significant quarterly earnings result, with $6.52 earnings per share, exceeding estimates by $3.75, and revenue of $300.60 million, which reflects a 34.5% increase year-over-year.
• Shares of InterDigital opened at $324.87, and the company has a market capitalization of $8.38 billion with a P/E ratio of 23.16.

United Services Automobile Association bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,645 shares of the Wireless communications provider's stock, valued at approximately $346,000.

A number of other institutional investors also recently modified their holdings of IDCC. Cetera Investment Advisers boosted its stake in shares of InterDigital by 20.2% during the 4th quarter. Cetera Investment Advisers now owns 2,902 shares of the Wireless communications provider's stock valued at $562,000 after buying an additional 487 shares during the period. Deutsche Bank AG boosted its stake in shares of InterDigital by 40.9% during the 4th quarter. Deutsche Bank AG now owns 29,668 shares of the Wireless communications provider's stock valued at $5,747,000 after buying an additional 8,616 shares during the period. Ensign Peak Advisors Inc boosted its stake in shares of InterDigital by 34.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 16,054 shares of the Wireless communications provider's stock valued at $3,110,000 after buying an additional 4,090 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of InterDigital during the 4th quarter valued at $1,136,000. Finally, Janus Henderson Group PLC boosted its stake in shares of InterDigital by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 12,214 shares of the Wireless communications provider's stock valued at $2,367,000 after buying an additional 1,360 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In related news, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total value of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares in the company, valued at $17,520,855.66. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the insider owned 28,370 shares in the company, valued at $7,748,414.40. This trade represents a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,932 shares of company stock worth $1,010,930 in the last quarter. Insiders own 2.80% of the company's stock.

InterDigital Stock Performance

IDCC traded up $6.44 during trading on Monday, hitting $329.31. The stock had a trading volume of 600,269 shares, compared to its average volume of 326,535. The firm has a market cap of $8.50 billion, a PE ratio of 23.47, a P/E/G ratio of 1.61 and a beta of 1.42. InterDigital, Inc. has a 12 month low of $134.40 and a 12 month high of $331.90. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $258.33 and a 200-day simple moving average of $228.55.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its earnings results 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. The firm had revenue of $300.60 million for the quarter, compared to the consensus estimate of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business's quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.57 EPS. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Analysts expect that InterDigital, Inc. will post 9.21 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Capital lifted their target price on shares of InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $350.00.

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.