Signaturefd LLC Lowers Stock Position in InterDigital, Inc. $IDCC

Signaturefd LLC lowered its position in InterDigital, Inc. (NASDAQ:IDCC) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,032 shares of the Wireless communications provider’s stock after selling 51 shares during the period. Signaturefd LLC’s holdings in InterDigital were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IDCC. Wealth Enhancement Advisory Services LLC raised its holdings in shares of InterDigital by 4.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,173 shares of the Wireless communications provider’s stock valued at $808,000 after purchasing an additional 160 shares during the last quarter. Versant Capital Management Inc increased its holdings in InterDigital by 957.9% during the first quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider’s stock worth $42,000 after buying an additional 182 shares during the last quarter. Portside Wealth Group LLC purchased a new stake in InterDigital during the first quarter worth about $321,000. Vest Financial LLC purchased a new stake in InterDigital during the first quarter worth about $4,414,000. Finally, Reinhart Partners LLC. increased its holdings in InterDigital by 13.9% during the first quarter. Reinhart Partners LLC. now owns 410,442 shares of the Wireless communications provider’s stock worth $84,859,000 after buying an additional 50,204 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Insider Buying and Selling

In other news, insider Joshua D. Schmidt sold 466 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction that occurred 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 $17,520,855.66. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,466 shares of company stock valued at $902,664 over the last 90 days. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IDCC shares. Roth Capital raised their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Finally, Jefferies Financial Group restated a “hold” rating and set a $340.00 price objective on shares of InterDigital in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $345.00.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $356.10 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $9.19 billion, a PE ratio of 25.38, a P/E/G ratio of 1.71 and a beta of 1.44. InterDigital, Inc. has a twelve month low of $142.35 and a twelve month high of $360.30. The company has a 50-day moving average price of $290.41 and a two-hundred day moving average price of $240.85.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $167.93 million. During the same period last year, the business earned $4.57 earnings per share. InterDigital’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. Equities analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current 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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. InterDigital’s dividend payout ratio (DPR) is 19.96%.

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.