MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stake in InterDigital, Inc. $IDCC

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 53.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,236 shares of the Wireless communications provider’s stock after selling 20,920 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of InterDigital worth $3,770,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Reinhart Partners LLC. increased its stake in InterDigital by 13.9% in the 1st quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider’s stock valued at $84,859,000 after purchasing an additional 50,204 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in InterDigital by 19.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider’s stock valued at $74,191,000 after purchasing an additional 59,517 shares during the period. Invesco Ltd. raised its stake in InterDigital by 8.5% during the first quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider’s stock worth $73,542,000 after purchasing an additional 27,853 shares during the period. Congress Asset Management Co. raised its stake in InterDigital by 5.0% during the first quarter. Congress Asset Management Co. now owns 339,101 shares of the Wireless communications provider’s stock worth $70,109,000 after purchasing an additional 16,040 shares during the period. Finally, GAMMA Investing LLC grew its stake in InterDigital by 31,724.6% during the first quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider’s stock worth $619,810,000 after buying an additional 298,846 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Capital boosted their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $350.00.

InterDigital Stock Down 0.6%

IDCC stock opened at $322.87 on Friday. 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 $132.98 and a 1-year high of $327.49. The firm has a fifty day moving average price of $258.33 and a two-hundred day moving average price of $228.29. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.62 and a beta of 1.42.

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

Insider Buying and Selling at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total value of $261,030.00. Following the completion of the sale, the chief technology officer directly owned 67,122 shares in the company, valued at $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,932 shares of company stock valued at $1,010,930. Company insiders own 2.80% 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.