Edgestream Partners L.P. Increases Position in InterDigital, Inc. $IDCC

Edgestream Partners L.P. increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 75.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,450 shares of the Wireless communications provider’s stock after buying an additional 15,295 shares during the period. Edgestream Partners L.P. owned about 0.14% of InterDigital worth $7,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IDCC. Avantax Advisory Services Inc. lifted its position in shares of InterDigital by 7.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,959 shares of the Wireless communications provider’s stock valued at $405,000 after acquiring an additional 140 shares during the period. Cetera Investment Advisers increased its stake in InterDigital by 58.6% in the 1st quarter. Cetera Investment Advisers now owns 4,604 shares of the Wireless communications provider’s stock valued at $952,000 after purchasing an additional 1,702 shares in the last quarter. LPL Financial LLC raised its holdings in InterDigital by 78.2% during the first quarter. LPL Financial LLC now owns 14,245 shares of the Wireless communications provider’s stock worth $2,945,000 after purchasing an additional 6,249 shares during the last quarter. Natixis Advisors LLC boosted its position in InterDigital by 11.8% during the first quarter. Natixis Advisors LLC now owns 12,294 shares of the Wireless communications provider’s stock worth $2,542,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in InterDigital by 237.5% in the first quarter. Harbour Investments Inc. now owns 378 shares of the Wireless communications provider’s stock valued at $78,000 after purchasing an additional 266 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $395.63, for a total value of $184,363.58. Following the sale, the insider directly owned 27,928 shares of the company’s stock, valued at approximately $11,049,154.64. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Kritzmacher sold 1,250 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $346.62, for a total transaction of $433,275.00. Following the transaction, the director directly owned 18,315 shares of the company’s stock, valued at approximately $6,348,345.30. This represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 5,966 shares of company stock worth $2,071,596. 2.80% of the stock is owned by company insiders.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $351.34 on Tuesday. The company has a 50-day simple moving average of $358.12 and a 200-day simple moving average of $287.33. 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 company has a market cap of $9.05 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.88 and a beta of 1.45. InterDigital, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.14. The firm had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. InterDigital’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 earnings per share. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS. Q4 2025 guidance at 1.380-1.630 EPS. On average, equities analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th were paid a $0.70 dividend. The ex-dividend date was Wednesday, October 8th. This is an increase from InterDigital’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s payout ratio is currently 18.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IDCC shares. UBS Group set a $425.00 price target on InterDigital in a research note on Monday. Roth Capital raised their target price on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, InterDigital presently has a consensus rating of “Buy” and an average price target of $416.67.

InterDigital Company Profile

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.