Versor Investments LP Makes New $600,000 Investment in InterDigital, Inc. $IDCC

Key Points

• Versor Investments LP has acquired a new stake in InterDigital, Inc., purchasing 2,900 shares worth approximately $600,000 in the first quarter.
• InterDigital reported a strong quarterly performance, with earnings per share of $6.52, significantly exceeding analysts' estimates, alongside a 34.5% year-over-year increase in revenue.
• The company announced a quarterly dividend of $0.60 per share, providing an annualized yield of 0.9%, while insiders recently sold shares, indicating notable activity among executives.

Versor Investments LP acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,900 shares of the Wireless communications provider's stock, valued at approximately $600,000.

A number of other hedge funds have also recently made changes to their positions in IDCC. Elequin Capital LP acquired a new position in shares of InterDigital during the fourth quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of InterDigital during the first quarter valued at about $32,000. Headlands Technologies LLC acquired a new position in shares of InterDigital during the first quarter valued at about $35,000. Concord Wealth Partners acquired a new position in shares of InterDigital during the first quarter valued at about $37,000. Finally, Versant Capital Management Inc grew its holdings in shares of InterDigital by 957.9% during the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock valued at $42,000 after buying an additional 182 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Down 0.4%

Shares of NASDAQ IDCC traded down $1.06 during mid-day trading on Monday, reaching $265.21. 513,354 shares of the company's stock traded hands, compared to its average volume of 304,067. The stock has a market cap of $6.84 billion, a P/E ratio of 18.90, a PEG ratio of 1.62 and a beta of 1.37. The business has a 50-day simple moving average of $240.89 and a 200 day simple moving average of $221.04. InterDigital, Inc. has a 1-year low of $129.76 and a 1-year high of $277.95. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $3.75. The firm had revenue of $300.60 million during the quarter, compared to analysts' expectations of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business's revenue was up 34.5% on a year-over-year basis. During the same period last year, the company earned $4.57 earnings per share. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. On average, analysts expect that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is presently 17.11%.

Insider Activity at InterDigital

In related news, Director Jean F. Rankin sold 606 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.47, for a total transaction of $137,240.82. Following the transaction, the director directly owned 27,353 shares of the company's stock, valued at $6,194,633.91. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Samir Armaly sold 779 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.52, for a total transaction of $176,459.08. Following the transaction, the director directly owned 3,128 shares in the company, valued at $708,554.56. The trade was a 19.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,062 shares of company stock valued at $1,181,883 over the last three months. Insiders own 2.30% of the company's stock.

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.