Strs Ohio Invests $972,000 in InterDigital, Inc. $IDCC

Strs Ohio acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,700 shares of the Wireless communications provider’s stock, valued at approximately $972,000.

Several other institutional investors also recently modified their holdings of IDCC. Elequin Capital LP acquired a new position in InterDigital in the 4th quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in InterDigital in the 1st quarter valued at about $32,000. Banque Transatlantique SA acquired a new position in InterDigital in the 1st quarter valued at about $33,000. Headlands Technologies LLC acquired a new position in InterDigital in the 1st quarter valued at about $35,000. Finally, Concord Wealth Partners acquired a new position in InterDigital in the 1st quarter valued at about $37,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Stock Performance

Shares of InterDigital stock opened at $339.21 on Friday. The company has a 50 day moving average of $266.57 and a 200-day moving average of $231.58. InterDigital, Inc. has a 1-year low of $135.13 and a 1-year high of $340.10. 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 market cap of $8.75 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.63 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, 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 business had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. During the same quarter in the prior year, the firm earned $4.57 EPS. The firm’s revenue was up 34.5% compared to the same quarter last year. 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.

InterDigital Increases Dividend

The company also recently disclosed 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 represents a $2.80 annualized dividend and a dividend yield of 0.8%. This is a boost from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. InterDigital’s dividend payout ratio is currently 17.11%.

Insider Buying and Selling at InterDigital

In other InterDigital 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 value of $127,273.92. Following the completion of the sale, the insider directly owned 28,370 shares in the company, valued at approximately $7,748,414.40. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $289.78, for a total transaction of $289,780.00. Following the completion of the transaction, the chief technology officer directly owned 66,122 shares in the company, valued at $19,160,833.16. This trade represents a 1.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,932 shares of company stock valued at $1,010,930. 2.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Roth Capital increased their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $350.00.

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.