InterDigital, Inc. $IDCC Shares Sold by AMH Equity Ltd

AMH Equity Ltd lowered its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 23.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the Wireless communications provider’s stock after selling 3,000 shares during the period. InterDigital makes up approximately 4.3% of AMH Equity Ltd’s investment portfolio, making the stock its 6th largest position. AMH Equity Ltd’s holdings in InterDigital were worth $3,452,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in InterDigital by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after buying an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of InterDigital by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock worth $15,933,000 after buying an additional 4,105 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in InterDigital by 10.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,945 shares of the Wireless communications provider’s stock worth $1,110,000 after acquiring an additional 456 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in InterDigital by 4.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 9,153 shares of the Wireless communications provider’s stock worth $2,052,000 after acquiring an additional 375 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of InterDigital by 7.8% during the second quarter. Assenagon Asset Management S.A. now owns 11,586 shares of the Wireless communications provider’s stock worth $2,598,000 after purchasing an additional 842 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Trading Down 0.5%

Shares of IDCC stock opened at $308.76 on Friday. InterDigital, Inc. has a twelve month low of $169.58 and a twelve month high of $412.60. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 20.83 and a beta of 1.57. The firm has a 50-day moving average price of $336.75 and a 200 day moving average price of $312.92. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.14. The business had revenue of $164.68 million for the quarter, compared to the consensus estimate of $153.43 million. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Research analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other InterDigital news, Director John A. Kritzmacher sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total value of $413,750.00. Following the sale, the director directly owned 15,815 shares of the company’s stock, valued at approximately $5,234,765. This trade represents a 7.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Brezski sold 6,981 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $330.49, for a total transaction of $2,307,150.69. Following the transaction, the chief financial officer directly owned 83,374 shares of the company’s stock, valued at approximately $27,554,273.26. This represents a 7.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 28,840 shares of company stock valued at $9,609,596. 2.80% of the stock is owned by corporate insiders.

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.