Vise Technologies Inc. Buys New Stake in InterDigital, Inc. $IDCC

Vise Technologies Inc. purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) in the second quarter, Holdings Channel reports. The fund purchased 946 shares of the Wireless communications provider’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Illinois Municipal Retirement Fund increased its stake in InterDigital by 5.8% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 13,528 shares of the Wireless communications provider’s stock valued at $3,033,000 after buying an additional 744 shares during the period. Profund Advisors LLC boosted its holdings in shares of InterDigital by 7.5% in the second quarter. Profund Advisors LLC now owns 1,290 shares of the Wireless communications provider’s stock valued at $289,000 after acquiring an additional 90 shares in the last quarter. Future Fund LLC bought a new position in shares of InterDigital in the second quarter valued at approximately $828,000. Campbell & CO Investment Adviser LLC increased its stake in shares of InterDigital by 82.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 6,080 shares of the Wireless communications provider’s stock valued at $1,363,000 after acquiring an additional 2,746 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in InterDigital by 6.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,060 shares of the Wireless communications provider’s stock worth $238,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

IDCC has been the subject of several research analyst reports. Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “buy (a-)” rating on shares of InterDigital in a research report on Monday. Roth Capital increased their price objective on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, William Blair reissued an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $412.50.

InterDigital Stock Down 0.9%

NASDAQ:IDCC opened at $335.94 on Wednesday. The business’s fifty day moving average price is $354.60 and its 200 day moving average price is $278.98. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.88 and a beta of 1.45. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a 1-year low of $169.58 and a 1-year high of $412.60.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.14. The firm had revenue of $164.68 million during the quarter, compared to analyst estimates of $153.43 million. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. 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 forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th were paid a $0.70 dividend. The ex-dividend date was Wednesday, October 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. This is a boost from InterDigital’s previous quarterly dividend of $0.60. InterDigital’s dividend payout ratio (DPR) is currently 18.89%.

Insiders Place Their Bets

In other InterDigital news, Director John A. Kritzmacher sold 1,250 shares of InterDigital stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $360.63, for a total transaction of $450,787.50. Following the completion of the sale, the director owned 19,565 shares of the company’s stock, valued at $7,055,725.95. This trade represents a 6.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company’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 directly owned 64,157 shares in the company, valued at $24,078,763.67. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,182 shares of company stock worth $1,765,595 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

About InterDigital

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.