Wellington Management Group LLP Has $6.51 Million Stock Position in InterDigital, Inc. $IDCC

Key Points

• Wellington Management Group LLP increased its holdings in InterDigital, Inc. by 323% during the first quarter, owning approximately 31,466 shares valued at $6.51 million.
• InterDigital reported a significant earnings surprise, with EPS of $6.52 for the latest quarter, exceeding estimates by $3.75 and showing a 34.5% year-over-year revenue increase.
• The company recently paid a $0.60 quarterly dividend, yielding 0.9%, and has a 17.11% payout ratio.

Wellington Management Group LLP boosted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) by 323.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,466 shares of the Wireless communications provider's stock after acquiring an additional 24,027 shares during the quarter. Wellington Management Group LLP owned 0.12% of InterDigital worth $6,506,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 298,846 shares in the last quarter. Millennium Management LLC increased its stake in shares of InterDigital by 3,962.5% in the fourth quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider's stock valued at $24,947,000 after buying an additional 125,610 shares in the last quarter. Bessemer Group Inc. boosted its holdings in InterDigital by 152,729.3% in the first quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider's stock valued at $23,700,000 after acquiring an additional 114,547 shares during the last quarter. Nuveen LLC acquired a new stake in InterDigital in the first quarter worth about $20,967,000. Finally, SG Americas Securities LLC lifted its position in InterDigital by 2,687.9% during the 1st quarter. SG Americas Securities LLC now owns 74,494 shares of the Wireless communications provider's stock valued at $15,402,000 after purchasing an additional 71,822 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other InterDigital news, Director Samir Armaly sold 779 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.52, for a total transaction of $176,459.08. Following the transaction, the director owned 3,128 shares in the company, valued at approximately $708,554.56. This trade represents a 19.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Kritzmacher sold 519 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.65, for a total value of $117,631.35. Following the transaction, the director owned 19,774 shares in the company, valued at approximately $4,481,777.10. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,528 shares of company stock valued at $1,309,157. Insiders own 2.30% of the company's stock.

InterDigital Trading Up 1.3%

InterDigital stock traded up $3.47 during trading hours on Tuesday, reaching $275.18. 149,019 shares of the company's stock traded hands, compared to its average volume of 324,917. 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 fifty-two week low of $129.76 and a fifty-two week high of $277.95. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.65 and a beta of 1.42. The firm's 50 day moving average is $245.33 and its 200-day moving average is $223.14.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its earnings results 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. 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 period in the prior year, the company posted $4.57 EPS. The company's 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. On average, analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Dividend Announcement

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

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.