Yousif Capital Management LLC Raises Position in InterDigital, Inc. $IDCC

Yousif Capital Management LLC boosted its stake in InterDigital, Inc. (NASDAQ:IDCC) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,732 shares of the Wireless communications provider’s stock after buying an additional 207 shares during the period. Yousif Capital Management LLC’s holdings in InterDigital were worth $2,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IDCC. New Vernon Capital Holdings II LLC lifted its holdings in InterDigital by 25,257.5% in the first quarter. New Vernon Capital Holdings II LLC now owns 204,889 shares of the Wireless communications provider’s stock worth $42,361,000 after buying an additional 204,081 shares during the period. Bessemer Group Inc. lifted its holdings in InterDigital by 152,729.3% in the first quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider’s stock worth $23,700,000 after buying an additional 114,547 shares during the period. Nuveen LLC purchased a new stake in InterDigital in the first quarter worth about $20,967,000. Acadian Asset Management LLC lifted its holdings in InterDigital by 1,556.8% in the first quarter. Acadian Asset Management LLC now owns 103,997 shares of the Wireless communications provider’s stock worth $21,488,000 after buying an additional 97,720 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in InterDigital by 3,293.9% in the first quarter. Allianz Asset Management GmbH now owns 68,761 shares of the Wireless communications provider’s stock worth $14,216,000 after buying an additional 66,735 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total value of $261,030.00. Following the completion of the transaction, the chief technology officer directly owned 67,122 shares in the company, valued at $17,520,855.66. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $127,273.92. Following the completion of the transaction, the insider owned 28,370 shares of the company’s stock, valued at approximately $7,748,414.40. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,466 shares of company stock valued at $1,016,164. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on IDCC. Roth Capital raised their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $340.00 target price on shares of InterDigital in a report on Monday, September 29th. Finally, Weiss Ratings upgraded shares of InterDigital from a “buy (b+)” rating to a “buy (a)” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $345.00.

InterDigital Price Performance

IDCC stock opened at $366.85 on Friday. The firm has a 50 day moving average price of $312.51 and a 200-day moving average price of $251.40. InterDigital, Inc. has a 52-week low of $144.46 and a 52-week high of $369.58. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.80 and a beta of 1.44. 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 (NASDAQ:IDCC) last released its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. During the same period last year, the business earned $4.57 earnings per share. The business’s revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Equities research analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Increases Dividend

The company also recently disclosed 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 represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, October 8th. This is an increase from InterDigital’s previous quarterly dividend of $0.60. InterDigital’s dividend payout ratio (DPR) is presently 19.96%.

About InterDigital

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.