Emerald Advisers LLC Sells 72,723 Shares of InterDigital, Inc. $IDCC

Emerald Advisers LLC reduced its stake in InterDigital, Inc. (NASDAQ:IDCC) by 41.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,776 shares of the Wireless communications provider’s stock after selling 72,723 shares during the period. InterDigital accounts for 1.1% of Emerald Advisers LLC’s holdings, making the stock its 27th biggest holding. Emerald Advisers LLC owned about 0.39% of InterDigital worth $35,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its stake in InterDigital by 37.6% in the first quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock worth $809,000 after purchasing an additional 1,069 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in InterDigital by 5.6% during the 1st 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 valued at $15,933,000 after purchasing an additional 4,105 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of InterDigital by 10.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,945 shares of the Wireless communications provider’s stock worth $1,110,000 after buying an additional 456 shares during the period. Assenagon Asset Management S.A. grew its position in shares of InterDigital by 7.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 11,586 shares of the Wireless communications provider’s stock worth $2,598,000 after buying an additional 842 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of InterDigital by 2.7% during the second quarter. Farther Finance Advisors LLC now owns 2,029 shares of the Wireless communications provider’s stock valued at $455,000 after buying an additional 54 shares during the period. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Price Performance

NASDAQ IDCC opened at $332.99 on Thursday. The firm’s fifty day simple moving average is $334.27 and its two-hundred day simple moving average is $315.00. The firm has a market capitalization of $8.57 billion, a P/E ratio of 22.47 and a beta of 1.57. 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, Inc. has a 12-month low of $169.87 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, beating 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 firm had revenue of $164.68 million during the quarter, compared to analyst estimates of $153.43 million. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s dividend payout ratio (DPR) is presently 18.89%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IDCC. UBS Group set a $425.00 price objective on shares of InterDigital in a research note on Monday, December 1st. Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Roth Mkm reissued a “buy” rating on shares of InterDigital in a research note on Tuesday. Finally, Jefferies Financial Group set a $475.00 target price on InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, InterDigital currently has an average rating of “Moderate Buy” and an average price target of $416.67.

Insider Buying and Selling

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $326.75, for a total transaction of $326,750.00. Following the sale, the chief technology officer owned 62,157 shares of the company’s stock, valued at approximately $20,309,799.75. The trade was a 1.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $325.34, for a total transaction of $151,608.44. Following the transaction, the insider owned 27,462 shares in the company, valued at $8,934,487.08. The trade was a 1.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,815 shares of company stock worth $10,513,312 over the last ninety days. Company insiders own 2.80% of the company’s stock.

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.