Boston Trust Walden Corp Lowers Position in InterDigital, Inc. $IDCC

Boston Trust Walden Corp lessened its holdings in InterDigital, Inc. (NASDAQ:IDCC) by 19.5% during the third quarter, Holdings Channel.com reports. The firm owned 215,145 shares of the Wireless communications provider’s stock after selling 52,110 shares during the quarter. Boston Trust Walden Corp’s holdings in InterDigital were worth $74,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of IDCC. Sovereign Financial Group Inc. purchased a new stake in shares of InterDigital in the third quarter valued at approximately $322,000. Highland Capital Management LLC purchased a new position in InterDigital during the third quarter worth $297,000. Blue Trust Inc. raised its holdings in shares of InterDigital by 11.0% in the third quarter. Blue Trust Inc. now owns 1,387 shares of the Wireless communications provider’s stock worth $479,000 after acquiring an additional 137 shares during the last quarter. CWM LLC increased its position in InterDigital by 33.8% during the 3rd quarter. CWM LLC now owns 1,564 shares of the Wireless communications provider’s stock worth $540,000 after purchasing an additional 395 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in InterDigital by 44.4% in the 3rd quarter. Pacer Advisors Inc. now owns 2,452 shares of the Wireless communications provider’s stock valued at $847,000 after purchasing an additional 754 shares during the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Stock Performance

InterDigital stock opened at $330.69 on Monday. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 22.31 and a beta of 1.54. InterDigital, Inc. has a 12-month low of $169.58 and a 12-month high of $412.60. 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 firm’s fifty day moving average price is $355.33 and its 200 day moving average price is $303.98.

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, beating analysts’ consensus estimates of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The company had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. During the same period in the prior year, the company posted $1.14 EPS. InterDigital’s quarterly 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. On average, research analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

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

Insiders Place Their Bets

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $375.31, for a total transaction of $375,310.00. Following the completion of the transaction, the chief technology officer owned 64,157 shares in the company, valued at approximately $24,078,763.67. The trade was a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 transaction of $413,750.00. Following the sale, the director owned 15,815 shares in the company, valued at approximately $5,234,765. This represents a 7.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,466 shares of company stock valued at $2,642,279 over the last three months. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

IDCC has been the topic of several recent analyst reports. UBS Group set a $425.00 price objective on shares of InterDigital in a research note on Monday, December 1st. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of InterDigital in a research report on Monday, December 22nd. Jefferies Financial Group set a $475.00 target price on InterDigital and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $416.67.

About InterDigital

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.