TD Private Client Wealth LLC Sells 197 Shares of InterDigital, Inc. $IDCC

TD Private Client Wealth LLC decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 21.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 721 shares of the Wireless communications provider’s stock after selling 197 shares during the quarter. TD Private Client Wealth LLC’s holdings in InterDigital were worth $162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IDCC. Wayfinding Financial LLC bought a new position in shares of InterDigital during the first quarter valued at $32,000. Banque Transatlantique SA purchased a new position in InterDigital in the first quarter worth about $33,000. Headlands Technologies LLC purchased a new position in InterDigital in the first quarter worth about $35,000. Concord Wealth Partners purchased a new position in InterDigital in the first quarter worth about $37,000. Finally, Global Wealth Strategies & Associates purchased a new position in InterDigital in the second quarter worth about $38,000. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Up 1.8%

NASDAQ IDCC opened at $345.05 on Monday. The stock has a market cap of $8.90 billion, a PE ratio of 24.59, a P/E/G ratio of 1.70 and a beta of 1.42. InterDigital, Inc. has a 12 month low of $138.62 and a 12 month high of $360.30. The stock’s 50 day moving average is $280.54 and its 200 day moving average is $237.50. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02.

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

InterDigital Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. This is an increase from InterDigital’s previous quarterly dividend of $0.60. InterDigital’s dividend payout ratio is presently 17.11%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. William Blair reissued an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Roth Capital raised their price objective on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $350.00.

Insider Activity at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the company’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 transaction, the insider owned 28,370 shares of the company’s stock, valued at $7,748,414.40. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction 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. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,466 shares of company stock worth $902,664. Corporate insiders own 2.30% 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.