State of Alaska Department of Revenue Decreases Stock Position in InterDigital, Inc. $IDCC

State of Alaska Department of Revenue decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,983 shares of the Wireless communications provider’s stock after selling 2,464 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of InterDigital worth $4,482,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of InterDigital in the second quarter valued at $28,000. Spire Wealth Management acquired a new position in InterDigital in the 3rd quarter worth $49,000. Global Wealth Strategies & Associates purchased a new position in InterDigital in the 2nd quarter valued at about $38,000. Salomon & Ludwin LLC acquired a new stake in shares of InterDigital during the third quarter valued at about $59,000. Finally, Huntington National Bank increased its position in shares of InterDigital by 530.3% during the second quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 175 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IDCC shares. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the stock a “buy” rating in a research note on Thursday, October 30th. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, UBS Group set a $425.00 target price on shares of InterDigital in a research report on Monday, December 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $416.67.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of InterDigital stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $325.34, for a total value of $151,608.44. Following the transaction, the insider owned 27,462 shares of the company’s stock, valued at $8,934,487.08. The trade was a 1.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard Brezski sold 5,002 shares of InterDigital stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $324.08, for a total transaction of $1,621,048.16. Following the completion of the transaction, the chief financial officer owned 78,372 shares in the company, valued at approximately $25,398,797.76. This trade represents a 6.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,865 shares of company stock valued at $8,684,906 in the last quarter. 2.30% of the stock is owned by company insiders.

InterDigital Stock Performance

Shares of IDCC opened at $309.09 on Monday. The firm has a fifty day moving average of $343.88 and a 200-day moving average of $310.52. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 20.86 and a beta of 1.57. 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 1 year low of $169.58 and a 1 year high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The business had revenue of $164.68 million during the quarter, compared to the consensus estimate of $153.43 million. During the same period in the previous year, the firm posted $1.14 earnings per share. The business’s revenue was up 28.0% on a year-over-year basis. 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, equities analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s payout ratio is presently 18.89%.

InterDigital Profile

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.