F m Investments LLC Makes New $2.66 Million Investment in InterDigital, Inc. $IDCC

F m Investments LLC acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 11,870 shares of the Wireless communications provider’s stock, valued at approximately $2,662,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IDCC. Teacher Retirement System of Texas boosted its stake in InterDigital by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider’s stock worth $2,554,000 after purchasing an additional 41 shares in the last quarter. Creative Planning raised its holdings in shares of InterDigital by 0.3% in the second quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock worth $3,441,000 after buying an additional 46 shares during the last quarter. Farther Finance Advisors LLC lifted 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 worth $455,000 after buying an additional 54 shares during the period. Amalgamated Bank lifted its stake in shares of InterDigital by 0.8% during the second quarter. Amalgamated Bank now owns 7,368 shares of the Wireless communications provider’s stock worth $1,652,000 after buying an additional 58 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of InterDigital by 6.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,060 shares of the Wireless communications provider’s stock valued at $238,000 after buying an additional 68 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Down 0.7%

Shares of IDCC opened at $357.25 on Friday. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.88 and a beta of 1.45. InterDigital, Inc. has a 52 week low of $169.58 and a 52 week high of $412.60. The stock’s 50-day moving average price is $358.03 and its 200-day moving average price is $285.45. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The company had revenue of $164.68 million during the quarter, compared to the consensus estimate of $153.43 million. During the same period in the previous year, the company posted $1.14 earnings per share. InterDigital’s revenue for the quarter was up 28.0% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS. Q4 2025 guidance at 1.380-1.630 EPS. On average, sell-side analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

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

Insider Activity at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $375.31, for a total value of $375,310.00. Following the completion of the transaction, the chief technology officer owned 64,157 shares of the company’s stock, valued at approximately $24,078,763.67. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $395.63, for a total transaction of $184,363.58. Following the completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 5,966 shares of company stock worth $2,071,596. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IDCC has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (a-)” rating on shares of InterDigital in a research note on Monday. William Blair restated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Roth Capital upped their target price on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Zacks Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. One investment 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $412.50.

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.