Vise Technologies Inc. Invests $212,000 in InterDigital, Inc. $IDCC

Vise Technologies Inc. acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 946 shares of the Wireless communications provider’s stock, valued at approximately $212,000.

Several other large investors have also recently added to or reduced their stakes in the business. Banque Transatlantique SA acquired a new position in InterDigital in the first quarter valued at $33,000. Headlands Technologies LLC purchased a new stake in shares of InterDigital during the first quarter worth about $35,000. Global Wealth Strategies & Associates acquired a new position in shares of InterDigital in the second quarter worth about $38,000. Quarry LP boosted its holdings in InterDigital by 642.9% in the first quarter. Quarry LP now owns 208 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 180 shares during the last quarter. Finally, Huntington National Bank grew its stake in InterDigital by 530.3% during the 2nd quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 175 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at InterDigital

In other news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $338.08, for a total transaction of $338,080.00. Following the completion of the transaction, the chief technology officer owned 65,122 shares in the company, valued at approximately $22,016,445.76. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Kritzmacher sold 1,250 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $360.63, for a total transaction of $450,787.50. Following the completion of the sale, the director directly owned 19,565 shares in the company, valued at approximately $7,055,725.95. This trade represents a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,182 shares of company stock worth $1,765,595 in the last 90 days. 2.80% of the stock is currently owned by company insiders.

InterDigital Trading Down 0.9%

InterDigital stock opened at $335.94 on Wednesday. InterDigital, Inc. has a 1 year low of $169.58 and a 1 year high of $412.60. The firm’s 50-day moving average is $354.60 and its 200-day moving average is $278.98. 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 market cap of $8.65 billion, a P/E ratio of 23.94, a PEG ratio of 1.88 and a beta of 1.45.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.14. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. During the same quarter in the prior year, the business earned $1.14 earnings per share. InterDigital’s quarterly revenue was up 28.0% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS. Q4 2025 guidance at 1.380-1.630 EPS. On average, equities analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IDCC shares. Roth Capital increased their target price on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of InterDigital in a report on Monday. William Blair reissued an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Finally, Jefferies Financial Group set a $475.00 target price on shares of InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $412.50.

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.