Wealth Enhancement Advisory Services LLC Purchases 456 Shares of InterDigital, Inc. $IDCC

Wealth Enhancement Advisory Services LLC boosted its position in InterDigital, Inc. (NASDAQ:IDCC) by 10.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,945 shares of the Wireless communications provider’s stock after purchasing an additional 456 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in InterDigital were worth $1,110,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IDCC. New Vernon Capital Holdings II LLC boosted its stake in InterDigital by 25,257.5% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 204,889 shares of the Wireless communications provider’s stock valued at $42,361,000 after purchasing an additional 204,081 shares during the period. Bessemer Group Inc. boosted its stake in InterDigital by 152,729.3% in the 1st quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider’s stock valued at $23,700,000 after purchasing an additional 114,547 shares during the period. Nuveen LLC bought a new stake in InterDigital in the 1st quarter valued at $20,967,000. Acadian Asset Management LLC boosted its stake in InterDigital by 1,556.8% in the 1st quarter. Acadian Asset Management LLC now owns 103,997 shares of the Wireless communications provider’s stock valued at $21,488,000 after purchasing an additional 97,720 shares during the period. Finally, SG Americas Securities LLC raised its holdings in InterDigital by 2,687.9% in the 1st quarter. SG Americas Securities LLC now owns 74,494 shares of the Wireless communications provider’s stock valued at $15,402,000 after acquiring an additional 71,822 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IDCC. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $340.00 price objective on shares of InterDigital in a report on Monday. Finally, Roth Capital lifted their price objective on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $345.00.

InterDigital Price Performance

InterDigital stock opened at $348.39 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a 52 week low of $142.30 and a 52 week high of $360.30. The stock has a market capitalization of $8.99 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The stock has a fifty day moving average of $287.78 and a 200-day moving average of $239.91.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results 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. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The company had revenue of $300.60 million during the quarter, compared to analysts’ expectations of $167.93 million. During the same quarter in the previous year, the firm earned $4.57 EPS. InterDigital’s revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. On average, sell-side analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, October 8th. This is a boost from InterDigital’s previous quarterly dividend of $0.60. InterDigital’s payout ratio is currently 17.11%.

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the transaction, the insider directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 3,466 shares of company stock valued at $902,664. 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.