Vest Financial LLC Has $5.26 Million Holdings in InterDigital, Inc. $IDCC

Key Points

• Vest Financial LLC increased its stake in InterDigital, Inc. by 9.8% during the second quarter, bringing its total holdings to $5.26 million.
• Insiders at InterDigital sold a combined total of 3,466 shares worth approximately $1 million in the past ninety days.
• InterDigital recently declared a quarterly dividend of $0.70 per share, an increase from the previous $0.60, reflecting a 0.8% yield.

Vest Financial LLC grew its stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 9.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,451 shares of the Wireless communications provider's stock after buying an additional 2,101 shares during the quarter. Vest Financial LLC owned 0.09% of InterDigital worth $5,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its holdings in shares of InterDigital by 2.2% in the second quarter. Yousif Capital Management LLC now owns 9,732 shares of the Wireless communications provider's stock valued at $2,182,000 after buying an additional 207 shares during the period. RHS Financial LLC boosted its holdings in shares of InterDigital by 4.1% in the second quarter. RHS Financial LLC now owns 2,045 shares of the Wireless communications provider's stock valued at $459,000 after buying an additional 81 shares during the period. GW Henssler & Associates Ltd. acquired a new position in shares of InterDigital in the second quarter valued at approximately $213,000. Oak Ridge Investments LLC acquired a new position in shares of InterDigital in the second quarter valued at approximately $1,817,000. Finally, Apollon Wealth Management LLC boosted its holdings in shares of InterDigital by 162.9% in the second quarter. Apollon Wealth Management LLC now owns 6,314 shares of the Wireless communications provider's stock valued at $1,416,000 after buying an additional 3,912 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Analyst Upgrades and Downgrades

IDCC has been the subject of several research analyst reports. Jefferies Financial Group reiterated a "hold" rating and issued a $340.00 price target on shares of InterDigital in a report on Monday, September 29th. William Blair restated an "outperform" rating on shares of InterDigital in a report on Monday, September 22nd. Roth Capital increased their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of InterDigital in a report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $345.00.

Insider Buying and Selling at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $273.12, for a total transaction of $127,273.92. Following the sale, the insider directly owned 28,370 shares of the company's stock, valued at approximately $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $338.08, for a total transaction of $338,080.00. Following the sale, the chief technology officer directly owned 65,122 shares in the company, valued at $22,016,445.76. This trade represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,466 shares of company stock worth $1,016,164 over the last ninety days. Insiders own 2.30% of the company's stock.

InterDigital Stock Performance

NASDAQ IDCC opened at $356.72 on Tuesday. 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 firm's fifty day moving average price is $304.77 and its two-hundred day moving average price is $247.31. InterDigital, Inc. has a 1 year low of $144.46 and a 1 year high of $361.56. The firm has a market capitalization of $9.20 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 1.67 and a beta of 1.44.

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

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. This is an increase from InterDigital's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, October 8th. InterDigital's payout ratio is currently 19.96%.

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.

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