Foster & Motley Inc. Sells 149 Shares of InterDigital, Inc. $IDCC

Foster & Motley Inc. trimmed its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,374 shares of the Wireless communications provider’s stock after selling 149 shares during the quarter. Foster & Motley Inc.’s holdings in InterDigital were worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IDCC. Wayfinding Financial LLC bought a new position in shares of InterDigital during the first quarter worth about $32,000. Banque Transatlantique SA bought a new position in shares of InterDigital during the first quarter worth about $33,000. Headlands Technologies LLC bought a new position in shares of InterDigital during the first quarter worth about $35,000. Concord Wealth Partners bought a new position in shares of InterDigital during the first quarter worth about $37,000. Finally, Global Wealth Strategies & Associates bought a new stake in InterDigital in the second quarter worth approximately $38,000. 99.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Roth Capital lifted their target price on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. William Blair reiterated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $340.00 target price on shares of InterDigital in a report on Monday, September 29th. Finally, Weiss Ratings upgraded InterDigital from a “buy (b+)” rating to a “buy (a)” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $345.00.

InterDigital Trading Down 0.1%

Shares of InterDigital stock opened at $366.85 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a 52 week low of $144.46 and a 52 week high of $369.58. The stock has a 50 day moving average price of $312.51 and a two-hundred day moving average price of $251.78. The stock has a market capitalization of $9.46 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $167.93 million. During the same quarter last year, the firm posted $4.57 earnings per share. The company’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. As a group, equities analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

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

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the firm’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 approximately $7,748,414.40. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $338.08, for a total value of $338,080.00. Following the transaction, the chief technology officer directly owned 65,122 shares in the company, valued at approximately $22,016,445.76. The trade was a 1.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,466 shares of company stock valued at $1,016,164 in the last three months. Insiders own 2.30% 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.