WBI Investments LLC Buys Shares of 6,140 InterDigital, Inc. $IDCC

Key Points

• WBI Investments LLC has acquired a new stake in InterDigital, buying 6,140 shares valued at approximately $1,269,000 in the first quarter, as revealed in a recent SEC filing.
• Institutional investors currently own 99.83% of InterDigital's stock, highlighting strong institutional interest in the company.
• InterDigital reported an EPS of $6.52 for the last quarter, significantly exceeding the consensus estimate of $2.77, with revenues reaching $300.60 million.

WBI Investments LLC bought a new stake in InterDigital, Inc. (NASDAQ:IDCC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,140 shares of the Wireless communications provider's stock, valued at approximately $1,269,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Reinhart Partners LLC. lifted its holdings in InterDigital by 13.9% in the first quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider's stock valued at $84,859,000 after acquiring an additional 50,204 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in InterDigital by 19.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider's stock valued at $74,191,000 after acquiring an additional 59,517 shares during the period. Invesco Ltd. lifted its holdings in InterDigital by 8.5% in the first quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider's stock valued at $73,542,000 after acquiring an additional 27,853 shares during the period. Congress Asset Management Co. lifted its holdings in InterDigital by 5.0% in the first quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider's stock valued at $70,109,000 after acquiring an additional 16,040 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in InterDigital by 31,724.6% in the first quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider's stock valued at $619,810,000 after acquiring an additional 298,846 shares during the period. Institutional investors and hedge funds own 99.83% of the company's stock.

Insider Buying and Selling at InterDigital

In other news, 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 of the company's stock, valued at $7,748,414.40. The trade was a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction 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 of the company's stock, valued at $17,520,855.66. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,932 shares of company stock valued at $1,010,930 in the last ninety days. Corporate insiders own 2.80% of the company's stock.

InterDigital Price Performance

InterDigital stock opened at $298.25 on Thursday. The company has a market cap of $7.69 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a one year low of $130.46 and a one year high of $307.57. The business has a fifty day moving average of $254.34 and a two-hundred day moving average of $226.71.

InterDigital (NASDAQ:IDCC - Get Free Report) last released 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. The business had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business's revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

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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