Janney Montgomery Scott LLC Has $11.94 Million Stock Holdings in InterDigital, Inc. $IDCC

Janney Montgomery Scott LLC grew its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 725.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,231 shares of the Wireless communications provider’s stock after purchasing an additional 46,785 shares during the quarter. Janney Montgomery Scott LLC owned about 0.21% of InterDigital worth $11,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in IDCC. Wayfinding Financial LLC acquired a new position in shares of InterDigital in the 1st quarter valued at about $32,000. Banque Transatlantique SA acquired a new position in InterDigital during the 1st quarter worth approximately $33,000. Headlands Technologies LLC acquired a new position in InterDigital during the 1st quarter worth approximately $35,000. Concord Wealth Partners acquired a new position in InterDigital during the 1st quarter worth approximately $37,000. Finally, Global Wealth Strategies & Associates acquired a new position in InterDigital during the 2nd quarter worth approximately $38,000. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 67,122 shares of the company’s stock, valued at $17,520,855.66. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the company’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 of the company’s stock, valued at approximately $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,466 shares of company stock valued at $902,664. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IDCC shares. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $340.00 price target on shares of InterDigital in a research note on Monday. Roth Capital upped their price target on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, InterDigital presently has an average rating of “Moderate Buy” and a consensus target price of $345.00.

InterDigital Stock Performance

Shares of InterDigital stock opened at $339.10 on Friday. The company has a market cap of $8.75 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.44. InterDigital, Inc. has a 52 week low of $142.35 and a 52 week high of $361.56. The business has a 50 day moving average price of $292.70 and a 200-day moving average price of $241.68. The company has a quick ratio of 1.96, a current 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 EPS for the quarter, topping the consensus estimate of $2.77 by $3.75. The firm had revenue of $300.60 million during the quarter, compared to the consensus estimate of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The company’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.57 earnings per share. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Equities analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

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

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.