AQR Capital Management LLC Has $7.71 Million Holdings in InterDigital, Inc. $IDCC

AQR Capital Management LLC trimmed its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,494 shares of the Wireless communications provider’s stock after selling 2,206 shares during the period. AQR Capital Management LLC owned 0.14% of InterDigital worth $7,709,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of InterDigital by 7.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider’s stock worth $928,000 after purchasing an additional 316 shares during the period. Cerity Partners LLC grew its stake in InterDigital by 91.2% in the 1st quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider’s stock valued at $533,000 after buying an additional 1,229 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of InterDigital by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 146,384 shares of the Wireless communications provider’s stock worth $30,265,000 after purchasing an additional 11,411 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of InterDigital by 25.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,707 shares of the Wireless communications provider’s stock worth $560,000 after purchasing an additional 542 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of InterDigital by 24.0% during the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider’s stock worth $235,000 after acquiring an additional 220 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of InterDigital 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital 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 $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,932 shares of company stock valued at $1,010,930 in the last ninety days. Insiders own 2.80% of the company’s stock.

InterDigital Stock Performance

Shares of InterDigital stock opened at $324.87 on Friday. The company has a market cap of $8.38 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $256.35 and a 200-day moving average of $227.50. InterDigital, Inc. has a 1-year low of $131.29 and a 1-year high of $325.82.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, beating the consensus estimate of $2.77 by $3.75. The business had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.57 EPS. 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 research analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

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.