Vest Financial LLC Buys 2,101 Shares of InterDigital, Inc. $IDCC

Vest Financial LLC grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 9.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 23,451 shares of the Wireless communications provider’s stock after acquiring an additional 2,101 shares during the period. Vest Financial LLC’s holdings in InterDigital were worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of InterDigital by 19.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider’s stock valued at $74,191,000 after purchasing an additional 59,517 shares during the period. Invesco Ltd. grew its stake in shares of InterDigital by 8.5% in the first quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider’s stock valued at $73,542,000 after acquiring an additional 27,853 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of InterDigital by 1.4% in the second quarter. Congress Asset Management Co. now owns 343,752 shares of the Wireless communications provider’s stock valued at $77,079,000 after acquiring an additional 4,651 shares in the last quarter. New Vernon Capital Holdings II LLC grew its stake in shares of InterDigital by 25,257.5% in the first 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 acquiring an additional 204,081 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of InterDigital by 3.7% in the first quarter. Principal Financial Group Inc. now owns 148,747 shares of the Wireless communications provider’s stock valued at $30,753,000 after acquiring an additional 5,374 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 65,122 shares in the company, valued at approximately $22,016,445.76. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the firm’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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,466 shares of company stock worth $1,016,164. 2.30% of the stock is currently owned by corporate insiders.

InterDigital Trading Up 4.9%

Shares of InterDigital stock opened at $356.72 on Tuesday. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.67 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, Inc. has a 12-month low of $144.46 and a 12-month high of $361.56. The firm’s 50-day moving average price is $304.77 and its two-hundred day moving average price is $247.31.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company posted $4.57 earnings per share. The business’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, analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

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

Analyst Ratings Changes

IDCC has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research note on Saturday, September 27th. Roth Capital upped their price target on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. William Blair restated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $340.00 price target on shares of InterDigital in a research note on Monday, September 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.