Mutual of America Capital Management LLC Has $747,000 Holdings in InterDigital, Inc. $IDCC

Mutual of America Capital Management LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,332 shares of the Wireless communications provider’s stock after selling 409 shares during the period. Mutual of America Capital Management LLC’s holdings in InterDigital were worth $747,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IDCC. Jefferies Financial Group upgraded shares of InterDigital from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Monday. William Blair reiterated an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Weiss Ratings upgraded shares of InterDigital from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday, October 14th. Finally, Roth Capital raised their target price on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $400.00.

InterDigital Stock Performance

IDCC opened at $386.83 on Tuesday. The business’s 50-day simple moving average is $324.96 and its 200 day simple moving average is $259.21. InterDigital, Inc. has a 52-week low of $144.46 and a 52-week high of $393.28. 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 market capitalization of $9.98 billion, a PE ratio of 27.57, a PEG ratio of 1.86 and a beta of 1.44.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $3.75. The company 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 business’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th were given a $0.70 dividend. This is a boost from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, October 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.7%. InterDigital’s payout ratio is 19.96%.

Insider Activity

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 28,370 shares in the company, valued at $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,466 shares of company stock worth $1,016,164 over the last 90 days. 2.30% of the stock is owned by company insiders.

About InterDigital

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.