Capital Fund Management S.A. Buys 28,622 Shares of InterDigital, Inc. $IDCC

Capital Fund Management S.A. lifted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 82.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,219 shares of the Wireless communications provider’s stock after acquiring an additional 28,622 shares during the quarter. Capital Fund Management S.A.’s holdings in InterDigital were worth $13,071,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in InterDigital by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,932 shares of the Wireless communications provider’s stock worth $568,000 after purchasing an additional 51 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in InterDigital by 3.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider’s stock worth $396,000 after purchasing an additional 59 shares during the period. Leavell Investment Management Inc. boosted its stake in InterDigital by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider’s stock worth $381,000 after purchasing an additional 60 shares during the period. Flagship Harbor Advisors LLC boosted its stake in InterDigital by 4.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider’s stock worth $377,000 after purchasing an additional 75 shares during the period. Finally, Xponance Inc. boosted its stake in InterDigital by 5.5% in the 1st quarter. Xponance Inc. now owns 1,923 shares of the Wireless communications provider’s stock worth $398,000 after purchasing an additional 100 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at InterDigital

In other news, Director John A. Kritzmacher sold 519 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.65, for a total transaction of $117,631.35. Following the sale, the director directly owned 19,774 shares of the company’s stock, valued at $4,481,777.10. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Samir Armaly sold 779 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $226.52, for a total value of $176,459.08. Following the sale, the director directly owned 3,128 shares in the company, valued at $708,554.56. This trade represents a 19.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,062 shares of company stock worth $920,853. Company insiders own 2.80% of the company’s stock.

InterDigital Trading Down 0.1%

IDCC stock opened at $259.96 on Thursday. 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. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.58 and a beta of 1.37. The business has a 50 day simple moving average of $238.34 and a two-hundred day simple moving average of $219.20.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping the consensus estimate of $2.77 by $3.75. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business had revenue of $300.60 million during 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 firm’s revenue for the quarter 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. Research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, July 9th. InterDigital’s dividend payout ratio is 17.11%.

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.