Hussman Strategic Advisors Inc. Sells 14,700 Shares of InterDigital, Inc. $IDCC

Hussman Strategic Advisors Inc. lowered its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 70.0% in the third quarter, Holdings Channel reports. The institutional investor owned 6,300 shares of the Wireless communications provider’s stock after selling 14,700 shares during the period. Hussman Strategic Advisors Inc.’s holdings in InterDigital were worth $2,175,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of InterDigital by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock worth $148,103,000 after acquiring an additional 12,223 shares in the last quarter. Reinhart Partners LLC. lifted its position in shares of InterDigital by 0.7% during the third quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock valued at $142,360,000 after buying an additional 3,030 shares during the last quarter. Congress Asset Management Co. lifted its position 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 valued at $121,872,000 after buying an additional 9,265 shares during the last quarter. Norges Bank bought a new stake in shares of InterDigital in the 2nd quarter valued at about $71,200,000. Finally, Ameriprise Financial Inc. grew its position in shares of InterDigital by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after buying an additional 83,221 shares during the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at InterDigital

In related news, CEO Lawrence Liren Chen sold 2,975 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $303.77, for a total transaction of $903,715.75. Following the completion of the transaction, the chief executive officer owned 162,010 shares of the company’s stock, valued at $49,213,777.70. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Richard Brezski sold 5,002 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $324.08, for a total transaction of $1,621,048.16. Following the completion of the sale, the chief financial officer directly owned 78,372 shares in the company, valued at approximately $25,398,797.76. The trade was a 6.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,815 shares of company stock worth $10,513,312. Corporate insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

Shares of IDCC stock opened at $333.47 on Wednesday. The business has a fifty day moving average of $333.37 and a 200 day moving average of $318.57. InterDigital, Inc. has a 1 year low of $177.00 and a 1 year 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 has a market capitalization of $8.59 billion, a price-to-earnings ratio of 22.50 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The business had revenue of $164.68 million for the quarter, compared to the consensus estimate of $153.43 million. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. As a group, research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be given 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 yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is currently 18.89%.

Analyst Upgrades and Downgrades

IDCC has been the subject of several recent analyst reports. UBS Group set a $425.00 target price on shares of InterDigital in a research note on Monday, December 1st. Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Finally, Roth Mkm restated a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital 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.