One Wealth Advisors LLC Has $590,000 Stock Position in InterDigital, Inc. $IDCC

One Wealth Advisors LLC decreased its stake in InterDigital, Inc. (NASDAQ:IDCC) by 1.7% in the second quarter, HoldingsChannel reports. The firm owned 2,632 shares of the Wireless communications provider’s stock after selling 46 shares during the period. One Wealth Advisors LLC’s holdings in InterDigital were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Reinhart Partners LLC. boosted its position in shares of InterDigital by 13.9% in the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider’s stock valued at $84,859,000 after purchasing an additional 50,204 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of InterDigital by 19.9% in the 1st 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 purchasing an additional 59,517 shares during the period. Invesco Ltd. boosted its position in shares of InterDigital by 8.5% in the 1st quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider’s stock valued at $73,542,000 after purchasing an additional 27,853 shares during the period. Congress Asset Management Co. boosted its position in shares of InterDigital by 1.4% in the 2nd quarter. Congress Asset Management Co. now owns 343,752 shares of the Wireless communications provider’s stock valued at $77,079,000 after purchasing an additional 4,651 shares during the period. Finally, New Vernon Capital Holdings II LLC boosted its position in shares of InterDigital by 25,257.5% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 204,889 shares of the Wireless communications provider’s stock valued at $42,361,000 after purchasing an additional 204,081 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of InterDigital stock in a transaction on Friday, August 29th. The shares were sold at an average price of $273.12, for a total value of $127,273.92. Following the transaction, the insider owned 28,370 shares in the company, valued at $7,748,414.40. This trade represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total transaction of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares in the company, valued at approximately $17,520,855.66. The trade was a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,466 shares of company stock worth $902,664 in the last quarter. Insiders own 2.80% of the company’s stock.

InterDigital Stock Up 1.0%

IDCC stock opened at $348.64 on Tuesday. The firm has a market cap of $9.00 billion, a PE ratio of 24.85, a PEG ratio of 1.70 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $140.47 and a 1 year high of $360.30. 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 company has a fifty day simple moving average of $282.98 and a 200 day simple moving average of $238.42.

InterDigital (NASDAQ:IDCC) last announced its 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 the consensus estimate of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm 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. Sell-side analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be issued a $0.70 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s payout ratio is 19.96%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IDCC shares. William Blair reiterated an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $340.00 price objective on shares of InterDigital in a research note on Monday. Finally, Roth Capital lifted their price objective on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $345.00.

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.