InterDigital, Inc. $IDCC Holdings Decreased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its stake in InterDigital, Inc. (NASDAQ:IDCC) by 40.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,207 shares of the Wireless communications provider’s stock after selling 41,193 shares during the quarter. InterDigital comprises about 1.1% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 28th biggest holding. Emerald Mutual Fund Advisers Trust owned 0.24% of InterDigital worth $21,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in InterDigital during the 3rd quarter valued at about $30,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of InterDigital in the second quarter valued at approximately $28,000. Spire Wealth Management acquired a new position in shares of InterDigital during the third quarter valued at approximately $49,000. Salomon & Ludwin LLC bought a new stake in InterDigital during the third quarter worth approximately $59,000. Finally, Huntington National Bank raised its holdings in 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 purchasing an additional 175 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings cut 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. Roth Mkm reissued a “buy” rating on shares of InterDigital in a report on Tuesday. Finally, UBS Group set a $425.00 price objective on shares of InterDigital in a research report on Monday, December 1st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, InterDigital presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Stock Performance

InterDigital stock opened at $330.12 on Friday. InterDigital, Inc. has a fifty-two week low of $171.88 and a fifty-two week high of $412.60. The firm’s 50 day simple moving average is $333.96 and its 200-day simple moving average is $315.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $8.50 billion, a P/E ratio of 22.28 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.14. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The firm had revenue of $164.68 million during the quarter, compared to analyst estimates of $153.43 million. During the same quarter last year, the business posted $1.14 EPS. The company’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 research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s payout ratio is currently 18.89%.

Insider Activity at InterDigital

In other InterDigital 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 transaction, the chief executive officer owned 173,910 shares of the company’s stock, valued at $58,099,852.80. The trade was a 1.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $2,307,150.69. Following the completion of the transaction, the chief financial officer owned 83,374 shares in the company, valued at $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 ninety days, insiders have sold 31,815 shares of company stock valued at $10,513,312. 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.