6,140 Shares in InterDigital, Inc. $IDCC Purchased by WBI Investments LLC

WBI Investments LLC acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,140 shares of the Wireless communications provider’s stock, valued at approximately $1,269,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new stake in InterDigital during the 4th quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in InterDigital in the 1st quarter valued at about $32,000. Banque Transatlantique SA purchased a new stake in InterDigital in the 1st quarter valued at about $33,000. Headlands Technologies LLC purchased a new stake in InterDigital in the 1st quarter valued at about $35,000. Finally, Concord Wealth Partners purchased a new stake in InterDigital in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Down 2.4%

IDCC opened at $298.25 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The business has a 50-day moving average of $254.34 and a two-hundred day moving average of $226.71. InterDigital, Inc. has a 12 month low of $130.46 and a 12 month high of $307.57.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, beating the consensus estimate of $2.77 by $3.75. The company had revenue of $300.60 million during the quarter, compared to analysts’ expectations of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The firm’s revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.57 EPS. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. On average, research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $289.78, for a total transaction of $289,780.00. Following the completion of the sale, the chief technology officer owned 66,122 shares in the company, valued at approximately $19,160,833.16. The trade was a 1.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the sale, the insider owned 28,370 shares of the company’s stock, valued at $7,748,414.40. The trade was a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,932 shares of company stock valued at $1,010,930 in the last quarter. Company insiders own 2.80% of the company’s stock.

About InterDigital

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.