InterDigital, Inc. $IDCC Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 162.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,314 shares of the Wireless communications provider’s stock after buying an additional 3,912 shares during the quarter. Apollon Wealth Management LLC’s holdings in InterDigital were worth $1,416,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in InterDigital during the first quarter worth $32,000. Global Wealth Strategies & Associates purchased a new stake in shares of InterDigital in the second quarter valued at $38,000. Headlands Technologies LLC purchased a new stake in shares of InterDigital in the first quarter valued at $35,000. Banque Transatlantique SA purchased a new stake in shares of InterDigital in the first quarter valued at $33,000. Finally, Concord Wealth Partners purchased a new stake in shares of InterDigital in the first quarter valued at $37,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $338.08, for a total transaction of $338,080.00. Following the completion of the sale, the chief technology officer directly owned 65,122 shares in the company, valued at $22,016,445.76. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders have sold 3,466 shares of company stock valued at $1,016,164 over the last 90 days. 2.30% of the stock is currently owned by insiders.

InterDigital Stock Performance

Shares of NASDAQ:IDCC opened at $356.72 on Tuesday. The firm has a market capitalization of $9.20 billion, a PE ratio of 25.43, a P/E/G ratio of 1.67 and a beta of 1.44. 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 business has a 50-day moving average of $304.77 and a two-hundred day moving average of $247.31. InterDigital, Inc. has a 12 month low of $144.46 and a 12 month high of $361.56.

InterDigital (NASDAQ:IDCC) last announced 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 company had revenue of $300.60 million during 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%.The firm’s revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.57 earnings per share. 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, research analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on IDCC shares. Jefferies Financial Group restated a “hold” rating and issued a $340.00 price objective on shares of InterDigital in a research report on Monday, September 29th. Roth Capital upped their price objective on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a research note on Saturday, September 27th. Finally, William Blair reiterated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $345.00.

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.