J2 Capital Management Inc Grows Position in InterDigital, Inc. $IDCC

J2 Capital Management Inc lifted its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 34.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,310 shares of the Wireless communications provider’s stock after buying an additional 588 shares during the period. J2 Capital Management Inc’s holdings in InterDigital were worth $518,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of InterDigital during the 1st quarter valued at about $32,000. Banque Transatlantique SA purchased a new position in shares of InterDigital during the 1st quarter valued at about $33,000. Headlands Technologies LLC purchased a new position in shares of InterDigital during the 1st quarter valued at about $35,000. Concord Wealth Partners purchased a new position in InterDigital in the 1st quarter worth approximately $37,000. Finally, Global Wealth Strategies & Associates purchased a new position in InterDigital in the 2nd quarter worth approximately $38,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Price Performance

IDCC opened at $348.39 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. InterDigital, Inc. has a 52-week low of $142.30 and a 52-week high of $360.30. The stock has a market capitalization of $8.99 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The stock’s 50 day moving average price is $287.78 and its 200-day moving average price is $239.91.

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

InterDigital Increases Dividend

The company 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. This is a boost from InterDigital’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, October 8th. InterDigital’s dividend payout ratio is presently 17.11%.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of InterDigital stock in a transaction that occurred 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 sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $289.78, for a total value of $289,780.00. Following the sale, the chief technology officer owned 66,122 shares in the company, valued at $19,160,833.16. This represents a 1.49% 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 $902,664 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $340.00 price target on shares of InterDigital in a research note on Monday. Finally, Roth Capital lifted their price target on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $345.00.

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.