ST Germain D J Co. Inc. Takes Position in InterDigital, Inc. $IDCC

ST Germain D J Co. Inc. bought a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 704 shares of the Wireless communications provider’s stock, valued at approximately $158,000.

A number of other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in InterDigital by 7.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider’s stock worth $928,000 after buying an additional 316 shares during the last quarter. Inspire Investing LLC boosted its holdings in InterDigital by 37.9% in the 1st quarter. Inspire Investing LLC now owns 15,227 shares of the Wireless communications provider’s stock worth $3,148,000 after buying an additional 4,188 shares during the last quarter. Cerity Partners LLC boosted its holdings in InterDigital by 91.2% in the 1st quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider’s stock worth $533,000 after buying an additional 1,229 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in InterDigital by 3.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 43,660 shares of the Wireless communications provider’s stock worth $9,790,000 after buying an additional 1,502 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in InterDigital in the 1st quarter worth about $214,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IDCC has been the topic of several research analyst reports. Roth Capital lifted their price objective on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. William Blair reiterated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $350.00.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the transaction, the insider directly owned 28,370 shares in the company, valued at approximately $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total value of $261,030.00. Following the completion of the transaction, the chief technology officer owned 67,122 shares of the company’s stock, valued at $17,520,855.66. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,932 shares of company stock valued at $1,010,930 over the last quarter. 2.80% of the stock is currently owned by company insiders.

InterDigital Price Performance

IDCC stock opened at $345.05 on Friday. 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 business has a 50 day simple moving average of $280.54 and a 200-day simple moving average of $237.29. The firm has a market capitalization of $8.90 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.42. InterDigital, Inc. has a 1 year low of $138.62 and a 1 year high of $360.30.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $3.75. The business had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business’s revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.57 earnings per share. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. Equities research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. InterDigital’s dividend payout ratio (DPR) is currently 17.11%.

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.