Inspire Advisors LLC Invests $3.78 Million in InterDigital, Inc. $IDCC

Inspire Advisors LLC bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 10,957 shares of the Wireless communications provider’s stock, valued at approximately $3,783,000.

Several other institutional investors and hedge funds also recently modified their holdings of IDCC. Twin Peaks Wealth Advisors LLC acquired a new stake in InterDigital during the 2nd quarter valued at $28,000. Spire Wealth Management purchased a new position in InterDigital in the 3rd quarter valued at about $49,000. Salomon & Ludwin LLC purchased a new position in InterDigital in the 3rd quarter valued at about $59,000. Huntington National Bank boosted its stake in shares of InterDigital by 530.3% during the 2nd quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 175 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of InterDigital by 38.7% during the third quarter. Global Retirement Partners LLC now owns 240 shares of the Wireless communications provider’s stock worth $83,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Jefferies Financial Group set a $475.00 target price on shares of InterDigital and gave the stock a “buy” rating in a research report on Thursday, October 30th. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Zacks Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, UBS Group set a $425.00 target price on shares of InterDigital in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.67.

Insider Activity

In other news, CEO Lawrence Liren Chen sold 2,975 shares of InterDigital stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $334.08, for a total transaction of $993,888.00. Following the sale, the chief executive officer directly owned 173,910 shares of the company’s stock, valued at approximately $58,099,852.80. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Kritzmacher sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total value of $413,750.00. Following the sale, the director 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 SEC filing for this sale provides additional information. Insiders have sold a total of 28,840 shares of company stock valued at $9,609,596 over the last ninety days. 2.80% of the stock is owned by company insiders.

InterDigital Trading Down 0.5%

NASDAQ IDCC opened at $308.76 on Monday. InterDigital, Inc. has a one year low of $169.58 and a one year high of $412.60. The company’s 50 day moving average price is $336.75 and its 200 day moving average price is $313.56. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 20.83 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 (NASDAQ:IDCC) last posted its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.14. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The business had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. During the same quarter in the previous year, the business posted $1.14 EPS. The business’s quarterly 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. On average, sell-side analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

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

InterDigital Company 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.