Hussman Strategic Advisors Inc. Cuts Stock Position in InterDigital, Inc. $IDCC

Hussman Strategic Advisors Inc. decreased its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 70.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,300 shares of the Wireless communications provider’s stock after selling 14,700 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in InterDigital were worth $2,175,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of IDCC. Twin Peaks Wealth Advisors LLC bought a new stake in shares of InterDigital in the 2nd quarter worth about $28,000. Root Financial Partners LLC bought a new stake in InterDigital during the third quarter worth approximately $30,000. Huntington National Bank raised its position in InterDigital by 530.3% during the second quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 175 shares during the period. Spire Wealth Management purchased a new stake in InterDigital during the third quarter valued at approximately $49,000. Finally, Country Trust Bank bought a new stake in shares of InterDigital in the 2nd quarter valued at approximately $56,000. Institutional investors own 99.83% of the company’s stock.

InterDigital Trading Up 1.0%

IDCC stock opened at $333.47 on Wednesday. InterDigital, Inc. has a 12 month low of $177.00 and a 12 month high of $412.60. The firm’s 50-day moving average is $333.37 and its 200 day moving average is $318.57. The company has a market capitalization of $8.59 billion, a PE ratio of 22.50 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89.

InterDigital (NASDAQ:IDCC) last issued its earnings results 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. 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 revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. 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, research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Lawrence Liren Chen sold 2,975 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $303.77, for a total transaction of $903,715.75. Following the transaction, the chief executive officer owned 162,010 shares of the company’s stock, valued at approximately $49,213,777.70. This represents a 1.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Kritzmacher sold 1,250 shares of InterDigital stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total value of $413,750.00. Following the completion of the sale, the director owned 15,815 shares of the company’s stock, valued at $5,234,765. The trade was a 7.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 31,815 shares of company stock worth $10,513,312. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Roth Mkm reiterated a “buy” rating on shares of InterDigital in a research report on Tuesday, January 20th. UBS Group set a $425.00 target price on shares of InterDigital in a report on Monday, December 1st. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, InterDigital currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

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.