AMH Equity Ltd Has $2.92 Million Stake in InterDigital, Inc. $IDCC

AMH Equity Ltd grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 18.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,000 shares of the Wireless communications provider’s stock after purchasing an additional 2,000 shares during the period. InterDigital comprises approximately 3.8% of AMH Equity Ltd’s holdings, making the stock its 6th largest position. AMH Equity Ltd’s holdings in InterDigital were worth $2,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IDCC. Wayfinding Financial LLC bought a new stake in shares of InterDigital during the 1st quarter worth approximately $32,000. Banque Transatlantique SA bought a new stake in shares of InterDigital during the 1st quarter worth approximately $33,000. Headlands Technologies LLC bought a new stake in shares of InterDigital during the 1st quarter worth approximately $35,000. Concord Wealth Partners bought a new stake in shares of InterDigital during the 1st quarter worth approximately $37,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of InterDigital during the 2nd quarter worth approximately $38,000. 99.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IDCC. Roth Capital raised their price target on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Jefferies Financial Group set a $475.00 price target on InterDigital in a research note on Thursday. Weiss Ratings raised InterDigital from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday, October 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, InterDigital currently has a consensus rating of “Buy” and an average target price of $412.50.

InterDigital Trading Up 3.5%

Shares of NASDAQ IDCC opened at $396.37 on Friday. The firm has a market cap of $10.23 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.44. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a twelve month low of $145.29 and a twelve month high of $412.60. The business has a fifty day simple moving average of $332.42 and a two-hundred day simple moving average of $262.60.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.79 by $0.14. The firm had revenue of $164.68 million during the quarter, compared to analyst estimates of $153.43 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS. Q4 2025 guidance at 1.380-1.630 EPS. Analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th were paid a dividend of $0.70 per share. This is a positive change from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, October 8th. This represents a $2.80 annualized dividend and a yield of 0.7%. InterDigital’s dividend payout ratio (DPR) is presently 19.96%.

Insider Buying and Selling at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were 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 $7,748,414.40. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total transaction of $261,030.00. Following the transaction, the chief technology officer directly owned 67,122 shares of the company’s stock, valued at approximately $17,520,855.66. This trade represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,466 shares of company stock worth $1,016,164. 2.80% of the stock is owned by company insiders.

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.