Monument Capital Management Buys 110 Shares of InterDigital, Inc. $IDCC

Monument Capital Management raised its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,340 shares of the Wireless communications provider’s stock after purchasing an additional 110 shares during the period. Monument Capital Management’s holdings in InterDigital were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in IDCC. New Vernon Capital Holdings II LLC boosted its holdings in shares of InterDigital by 25,257.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 204,889 shares of the Wireless communications provider’s stock valued at $42,361,000 after purchasing an additional 204,081 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of InterDigital by 152,729.3% during the 1st quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider’s stock valued at $23,700,000 after purchasing an additional 114,547 shares during the last quarter. Nuveen LLC bought a new position in shares of InterDigital during the 1st quarter valued at about $20,967,000. Acadian Asset Management LLC boosted its holdings in shares of InterDigital by 1,556.8% during the 1st quarter. Acadian Asset Management LLC now owns 103,997 shares of the Wireless communications provider’s stock valued at $21,488,000 after purchasing an additional 97,720 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of InterDigital by 3,293.9% during the 1st quarter. Allianz Asset Management GmbH now owns 68,761 shares of the Wireless communications provider’s stock valued at $14,216,000 after purchasing an additional 66,735 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

InterDigital Stock Performance

IDCC opened at $339.90 on Friday. The firm has a market capitalization of $8.77 billion, a PE ratio of 24.23, a PEG ratio of 1.71 and a beta of 1.44. InterDigital, Inc. has a twelve month low of $144.46 and a twelve month 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 current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last posted its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $3.75. The firm had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. InterDigital’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, sell-side analysts expect that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total value of $261,030.00. Following the transaction, the chief technology officer directly owned 67,122 shares in the company, valued at $17,520,855.66. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,466 shares of company stock worth $1,016,164 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

InterDigital 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.