Yousif Capital Management LLC Buys 207 Shares of InterDigital, Inc. $IDCC

Yousif Capital Management LLC boosted its stake in InterDigital, Inc. (NASDAQ:IDCC) by 2.2% in the second quarter, HoldingsChannel reports. The firm owned 9,732 shares of the Wireless communications provider’s stock after acquiring an additional 207 shares during the period. Yousif Capital Management LLC’s holdings in InterDigital were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in InterDigital by 2.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,029 shares of the Wireless communications provider’s stock worth $455,000 after purchasing an additional 54 shares during the period. Oppenheimer Asset Management Inc. grew its position in InterDigital by 3.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,914 shares of the Wireless communications provider’s stock worth $396,000 after purchasing an additional 59 shares during the period. Leavell Investment Management Inc. grew its position in InterDigital by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 1,844 shares of the Wireless communications provider’s stock worth $381,000 after purchasing an additional 60 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of InterDigital by 4.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,821 shares of the Wireless communications provider’s stock valued at $377,000 after acquiring an additional 75 shares during the period. Finally, RHS Financial LLC grew its position in shares of InterDigital by 4.1% during the 2nd quarter. RHS Financial LLC now owns 2,045 shares of the Wireless communications provider’s stock valued at $459,000 after acquiring an additional 81 shares during the period. Institutional investors own 99.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Roth Capital boosted their price objective on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Weiss Ratings raised shares of InterDigital from a “buy (b+)” rating to a “buy (a)” rating in a research report on Tuesday, October 14th. William Blair reissued an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $340.00 price objective on shares of InterDigital in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $345.00.

Insider Buying and Selling at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $338.08, for a total value of $338,080.00. Following the sale, the chief technology officer owned 65,122 shares in the company, valued at $22,016,445.76. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $273.12, for a total transaction of $127,273.92. Following the completion of the sale, the insider owned 28,370 shares in the company, valued at approximately $7,748,414.40. The trade was a 1.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,466 shares of company stock worth $1,016,164. Corporate insiders own 2.80% of the company’s stock.

InterDigital Trading Down 0.1%

Shares of InterDigital stock opened at $366.85 on Friday. The company has a market capitalization of $9.46 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The company has a fifty day moving average of $312.51 and a 200 day moving average of $251.40. InterDigital, Inc. has a fifty-two week low of $144.46 and a fifty-two week high of $369.58.

InterDigital (NASDAQ:IDCC) last issued 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. The company had revenue of $300.60 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.57 EPS. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. On average, sell-side analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $2.80 annualized dividend and a yield of 0.8%. This is an increase from InterDigital’s previous quarterly dividend of $0.60. InterDigital’s payout ratio is currently 19.96%.

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.