InterDigital, Inc. $IDCC Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 41.7% in the third quarter, HoldingsChannel reports. The firm owned 101,776 shares of the Wireless communications provider’s stock after selling 72,723 shares during the quarter. InterDigital accounts for 1.1% of Emerald Advisers LLC’s portfolio, making the stock its 27th biggest position. Emerald Advisers LLC’s holdings in InterDigital were worth $35,136,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in InterDigital by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock worth $148,103,000 after buying an additional 12,223 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of InterDigital by 0.7% in the third quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock worth $142,360,000 after acquiring an additional 3,030 shares during the period. Congress Asset Management Co. raised its holdings in shares of InterDigital by 2.7% during the third quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock worth $121,872,000 after purchasing an additional 9,265 shares during the last quarter. Norges Bank purchased a new position in shares of InterDigital during the second quarter worth $71,200,000. Finally, Ameriprise Financial Inc. lifted its position in InterDigital by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after purchasing an additional 83,221 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Stock Up 2.2%

InterDigital stock opened at $332.99 on Thursday. The stock has a market capitalization of $8.57 billion, a PE ratio of 22.47 and a beta of 1.57. InterDigital, Inc. has a 12 month low of $169.87 and a 12 month high of $412.60. The business has a 50 day simple moving average of $334.27 and a 200-day simple moving average of $315.00. 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 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. The firm had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The business’s revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted $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, analysts anticipate 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. Stockholders of record on Wednesday, January 14th will be paid 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 dividend yield of 0.8%. InterDigital’s payout ratio is currently 18.89%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Richard Brezski sold 6,981 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $330.49, for a total value of $2,307,150.69. Following the transaction, the chief financial officer directly owned 83,374 shares of the company’s stock, valued at approximately $27,554,273.26. This trade represents a 7.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lawrence Liren Chen sold 2,975 shares of InterDigital stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $334.08, for a total value of $993,888.00. Following the completion of the sale, the chief executive officer owned 173,910 shares in the company, valued at approximately $58,099,852.80. The trade was a 1.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,815 shares of company stock worth $10,513,312 in the last 90 days. Insiders own 2.80% of the company’s stock.

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.