InterDigital, Inc. $IDCC Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 760 shares of the Wireless communications provider’s stock after selling 229 shares during the quarter. Fifth Third Bancorp’s holdings in InterDigital were worth $170,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in InterDigital in the second quarter valued at approximately $1,243,000. GAMMA Investing LLC grew its position in InterDigital by 30.8% in the second quarter. GAMMA Investing LLC now owns 1,896 shares of the Wireless communications provider’s stock valued at $425,000 after acquiring an additional 446 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in InterDigital in the second quarter valued at approximately $226,000. Farther Finance Advisors LLC grew its position in InterDigital by 2.7% in the second quarter. Farther Finance Advisors LLC now owns 2,029 shares of the Wireless communications provider’s stock valued at $455,000 after acquiring an additional 54 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of InterDigital in the second quarter worth $176,000. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the completion of the transaction, the chief technology officer owned 67,122 shares of the company’s stock, valued at approximately $17,520,855.66. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joshua D. Schmidt sold 466 shares of the business’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 transaction, the insider directly owned 28,370 shares of the company’s stock, valued at approximately $7,748,414.40. This trade represents a 1.62% 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 valued at $902,664. Corporate insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC opened at $345.23 on Wednesday. InterDigital, Inc. has a 1 year low of $140.47 and a 1 year high of $360.30. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a fifty day moving average of $285.36 and a 200-day moving average of $239.16.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (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 company had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. During the same quarter in the previous year, the company posted $4.57 earnings per share. The company’s revenue for the quarter 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 analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. This is a positive change from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, October 8th. InterDigital’s dividend payout ratio is presently 17.11%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. William Blair restated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Jefferies Financial Group restated a “hold” rating and issued a $340.00 price target on shares of InterDigital in a research note on Monday. Finally, Roth Capital lifted their price target on shares of 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 and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, InterDigital has a consensus rating of “Moderate Buy” and an average target price of $345.00.

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.