InterDigital, Inc. $IDCC Shares Bought by Monument Capital Management

Monument Capital Management grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 8.9% during the second quarter, Holdings Channel.com reports. The fund owned 1,340 shares of the Wireless communications provider’s stock after acquiring an additional 110 shares during the period. Monument Capital Management’s holdings in InterDigital were worth $300,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Maryland State Retirement & Pension System lifted its holdings in shares of InterDigital by 2.2% in the 2nd quarter. Maryland State Retirement & Pension System now owns 7,622 shares of the Wireless communications provider’s stock worth $1,709,000 after acquiring an additional 162 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of InterDigital in the 2nd quarter worth approximately $108,000. J2 Capital Management Inc lifted its holdings in shares of InterDigital by 34.1% in the 2nd quarter. J2 Capital Management Inc now owns 2,310 shares of the Wireless communications provider’s stock worth $518,000 after acquiring an additional 588 shares during the last quarter. PFG Investments LLC lifted its holdings in shares of InterDigital by 3.2% in the 2nd quarter. PFG Investments LLC now owns 13,446 shares of the Wireless communications provider’s stock worth $3,015,000 after acquiring an additional 416 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of InterDigital by 47.4% in the 2nd quarter. Truist Financial Corp now owns 26,358 shares of the Wireless communications provider’s stock worth $5,910,000 after acquiring an additional 8,478 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

InterDigital Price Performance

Shares of IDCC opened at $339.90 on Friday. InterDigital, Inc. has a fifty-two week low of $144.46 and a fifty-two week high of $361.56. The firm’s 50 day moving average price is $303.05 and its 200 day moving average price is $245.90. The company has a market cap of $8.77 billion, a P/E ratio of 24.23, a PEG ratio of 1.71 and a beta of 1.44. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.02.

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

InterDigital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th will be issued a dividend of $0.70 per share. This is a boost from InterDigital’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, October 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is presently 19.96%.

Insider Activity at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $273.12, for a total transaction of $127,273.92. Following the completion of the transaction, the insider owned 28,370 shares in the company, valued at $7,748,414.40. The trade was a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $261.03, for a total transaction of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares of the company’s stock, valued at $17,520,855.66. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,466 shares of company stock valued at $1,016,164 in the last quarter. 2.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on IDCC. Roth Capital upped their price objective on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InterDigital in a research note on Saturday, September 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $340.00 target price on shares of InterDigital in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $345.00.

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.