InterDigital, Inc. $IDCC Shares Purchased by RHS Financial LLC

RHS Financial LLC boosted its stake in InterDigital, Inc. (NASDAQ:IDCC) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,045 shares of the Wireless communications provider’s stock after acquiring an additional 81 shares during the period. RHS Financial LLC’s holdings in InterDigital were worth $459,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in InterDigital in the first quarter valued at $32,000. Global Wealth Strategies & Associates acquired a new stake in InterDigital in the second quarter valued at $38,000. Headlands Technologies LLC acquired a new stake in InterDigital in the first quarter valued at $35,000. Banque Transatlantique SA acquired a new stake in InterDigital in the first quarter valued at $33,000. Finally, Concord Wealth Partners acquired a new stake in InterDigital in the first quarter valued at $37,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IDCC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a report on Saturday, September 27th. William Blair reiterated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $340.00 target price on shares of InterDigital in a research note on Monday, September 29th. Finally, Roth Capital boosted their target price 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $345.00.

InterDigital Stock Down 2.4%

IDCC stock opened at $339.90 on Monday. The firm has a fifty day moving average price of $303.05 and a two-hundred day moving average price of $246.28. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 24.23, a PEG 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. InterDigital, Inc. has a 1-year low of $144.46 and a 1-year high of $361.56.

InterDigital (NASDAQ:IDCC) last released 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 business had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

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

Insider Activity

In other news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the completion of the transaction, the chief technology officer owned 67,122 shares in the company, valued at approximately $17,520,855.66. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $127,273.92. Following the transaction, the insider owned 28,370 shares of the company’s stock, valued at $7,748,414.40. This represents 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 in the last 90 days. Insiders own 2.30% of the company’s stock.

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.