InterDigital, Inc. $IDCC Stake Trimmed by Capital Management Corp VA

Capital Management Corp VA reduced its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 3.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,969 shares of the Wireless communications provider’s stock after selling 5,148 shares during the period. InterDigital comprises 5.3% of Capital Management Corp VA’s investment portfolio, making the stock its biggest position. Capital Management Corp VA’s holdings in InterDigital were worth $31,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in InterDigital by 19.9% in the first 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 last quarter. Invesco Ltd. grew its stake in shares of InterDigital by 8.5% during the 1st quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider’s stock worth $73,542,000 after acquiring an additional 27,853 shares during the period. Congress Asset Management Co. increased its holdings in InterDigital by 1.4% in the 2nd quarter. Congress Asset Management Co. now owns 343,752 shares of the Wireless communications provider’s stock worth $77,079,000 after acquiring an additional 4,651 shares during the last quarter. New Vernon Capital Holdings II LLC raised its stake in 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 acquiring an additional 204,081 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in InterDigital by 3.7% during the first quarter. Principal Financial Group Inc. now owns 148,747 shares of the Wireless communications provider’s stock valued at $30,753,000 after purchasing an additional 5,374 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

Insider Transactions at InterDigital

In related news, CTO Rajesh Pankaj sold 1,000 shares of the firm’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 transaction, the chief technology officer directly owned 65,122 shares of the company’s stock, valued at approximately $22,016,445.76. This trade represents a 1.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction that occurred on 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 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 worth $1,016,164 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Roth Capital lifted their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. William Blair reiterated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Weiss Ratings upgraded InterDigital from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $340.00 price target on shares of InterDigital in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $345.00.

InterDigital Price Performance

NASDAQ:IDCC opened at $358.26 on Wednesday. InterDigital, Inc. has a 52-week low of $144.46 and a 52-week high of $361.56. The stock has a fifty day moving average of $306.54 and a 200 day moving average of $248.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.75 and a beta of 1.44.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, beating 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 firm had revenue of $300.60 million for the quarter, compared to analysts’ expectations of $167.93 million. During the same quarter last year, the firm 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, research analysts expect 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 paid a $0.70 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 8th. InterDigital’s payout ratio is currently 19.96%.

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.