InterDigital (NASDAQ:IDCC) Sets New 52-Week High - Here's What Happened

Key Points

• InterDigital, Inc. shares reached a new 52-week high during trading at $296.89, reflecting a 4.2% increase from the previous close of $287.80.
• The company's recent quarterly earnings report showed a substantial exceeding of estimates, with EPS reported at $6.52 compared to the consensus estimate of $2.77.
• InterDigital announced a quarterly dividend of $0.60, resulting in an annualized dividend of $2.40, and indicated a payout ratio of 17.11%.

InterDigital, Inc. (NASDAQ:IDCC - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $296.89 and last traded at $295.67, with a volume of 71642 shares. The stock had previously closed at $287.80.

InterDigital Stock Up 4.2%

The firm has a 50-day moving average of $249.62 and a 200 day moving average of $225.04. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, topping the consensus estimate of $2.77 by $3.75. The firm had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.InterDigital's revenue for the quarter was up 34.5% on a year-over-year basis. During the same period 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. On average, sell-side analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, July 9th. InterDigital's payout ratio is 17.11%.

Insider Buying and Selling

In related news, insider Joshua D. Schmidt sold 466 shares of the company's 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 directly owned 28,370 shares in the company, valued at $7,748,414.40. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $289.78, for a total value of $289,780.00. Following the transaction, the chief technology officer owned 66,122 shares of the company's stock, valued at approximately $19,160,833.16. The trade was a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,932 shares of company stock valued at $1,010,930 over the last quarter. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position in InterDigital by 22.8% during the 2nd quarter. Osaic Holdings Inc. now owns 21,245 shares of the Wireless communications provider's stock worth $4,753,000 after acquiring an additional 3,949 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of InterDigital by 40.0% during the second quarter. Orion Porfolio Solutions LLC now owns 4,001 shares of the Wireless communications provider's stock valued at $897,000 after purchasing an additional 1,144 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of InterDigital during the second quarter valued at $1,219,000. Public Sector Pension Investment Board lifted its holdings in shares of InterDigital by 6.0% during the second quarter. Public Sector Pension Investment Board now owns 98,590 shares of the Wireless communications provider's stock valued at $22,107,000 after purchasing an additional 5,574 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of InterDigital by 47.9% during the second quarter. Headlands Technologies LLC now owns 250 shares of the Wireless communications provider's stock valued at $56,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company's stock.

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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