FCG Investment Co Buys 2,592 Shares of InterDigital, Inc. $IDCC

FCG Investment Co raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 71.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,197 shares of the Wireless communications provider’s stock after buying an additional 2,592 shares during the quarter. InterDigital comprises 1.0% of FCG Investment Co’s portfolio, making the stock its 22nd biggest position. FCG Investment Co’s holdings in InterDigital were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in InterDigital by 89.5% during the first quarter. HighTower Advisors LLC now owns 11,957 shares of the Wireless communications provider’s stock valued at $2,472,000 after purchasing an additional 5,648 shares during the period. Russell Investments Group Ltd. boosted its position in shares of InterDigital by 17.6% during the first quarter. Russell Investments Group Ltd. now owns 3,449 shares of the Wireless communications provider’s stock worth $715,000 after purchasing an additional 517 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of InterDigital by 323.0% in the 1st quarter. Wellington Management Group LLP now owns 31,466 shares of the Wireless communications provider’s stock valued at $6,506,000 after buying an additional 24,027 shares during the period. Credit Agricole S A increased its position in shares of InterDigital by 27.3% in the 1st quarter. Credit Agricole S A now owns 20,194 shares of the Wireless communications provider’s stock valued at $4,175,000 after buying an additional 4,335 shares in the last quarter. Finally, Capital Fund Management S.A. raised its stake in InterDigital by 82.7% during the 1st quarter. Capital Fund Management S.A. now owns 63,219 shares of the Wireless communications provider’s stock worth $13,071,000 after buying an additional 28,622 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IDCC has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (a-)” rating on shares of InterDigital in a research note on Monday. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group set a $425.00 target price on shares of InterDigital in a report on Monday, December 1st. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Roth Capital increased their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $416.67.

InterDigital Trading Down 0.6%

NASDAQ IDCC opened at $323.19 on Friday. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 21.81 and a beta of 1.54. The stock’s 50 day moving average price is $358.78 and its two-hundred day moving average price is $298.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.89 and a current ratio of 1.89. InterDigital, Inc. has a 52 week low of $169.58 and a 52 week high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.14. The company had revenue of $164.68 million during the quarter, compared to analysts’ expectations of $153.43 million. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. As a group, analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $2.80 annualized dividend and a yield of 0.9%. InterDigital’s payout ratio is 18.89%.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $395.63, for a total value of $184,363.58. Following the completion of the transaction, the insider owned 27,928 shares in the company, valued at $11,049,154.64. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Kritzmacher sold 1,250 shares of InterDigital stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $357.37, for a total value of $446,712.50. Following the completion of the sale, the director directly owned 17,065 shares in the company, valued at approximately $6,098,519.05. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,216 shares of company stock worth $2,228,529 in the last three months. 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.