U.S. Capital Wealth Advisors LLC Acquires Shares of 1,006 InterDigital, Inc. $IDCC

Key Points

• U.S. Capital Wealth Advisors LLC has acquired a new stake in InterDigital, Inc., purchasing 1,006 shares valued at approximately $226,000 during the second quarter.
• InterDigital recently reported $6.52 earnings per share (EPS) for the quarter, significantly exceeding consensus estimates, and set its FY 2025 EPS guidance at 14.170-14.770.
• The company has announced an increase in its quarterly dividend to $0.70, set to be paid on October 22nd, marking a growth from the previous dividend of $0.60.

U.S. Capital Wealth Advisors LLC acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,006 shares of the Wireless communications provider's stock, valued at approximately $226,000.

A number of other large investors have also made changes to their positions in IDCC. Wealth Enhancement Advisory Services LLC lifted its stake in shares of InterDigital by 7.6% in 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 period. Inspire Investing LLC lifted its stake in shares of InterDigital by 37.9% in the first quarter. Inspire Investing LLC now owns 15,227 shares of the Wireless communications provider's stock valued at $3,148,000 after purchasing an additional 4,188 shares during the period. Cerity Partners LLC lifted its stake in shares of InterDigital by 91.2% in 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 period. Harbor Capital Advisors Inc. lifted its stake in shares of InterDigital by 3.6% in the second quarter. Harbor Capital Advisors Inc. now owns 43,660 shares of the Wireless communications provider's stock valued at $9,790,000 after purchasing an additional 1,502 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of InterDigital in the first quarter valued at about $214,000. Hedge funds and other institutional investors own 99.83% of the company's stock.

InterDigital Stock Up 1.8%

Shares of NASDAQ IDCC opened at $345.05 on Friday. InterDigital, Inc. has a 12-month low of $138.62 and a 12-month high of $360.30. The company has a market capitalization of $8.90 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42. 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 $237.12.

InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) 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 company had revenue of $300.60 million for the quarter, compared to the consensus estimate of $167.93 million. During the same quarter in the prior year, the firm earned $4.57 earnings per share. The company's revenue for the quarter 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. Equities analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be given a $0.70 dividend. This is a boost from InterDigital's previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 8th. InterDigital's dividend payout ratio (DPR) is presently 19.96%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Capital raised their price objective on shares of InterDigital from $270.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 12th. William Blair reiterated an "outperform" rating on shares of InterDigital in a research note on Monday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $350.00.

Insider Buying and Selling

In other news, insider Joshua D. Schmidt sold 466 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were 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 of the company's stock, valued at $7,748,414.40. The trade was a 1.62% decrease in their ownership of the stock. 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 business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the completion of the transaction, the chief technology officer directly owned 67,122 shares of the company's stock, 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 three months, insiders sold 3,932 shares of company stock valued at $1,010,930. Company insiders own 2.80% of the company's stock.

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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