GW Henssler & Associates Ltd. Acquires Shares of 950 InterDigital, Inc. $IDCC

GW Henssler & Associates Ltd. acquired a new stake in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 950 shares of the Wireless communications provider’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IDCC. New Vernon Capital Holdings II LLC grew its holdings in shares of InterDigital by 25,257.5% during 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 purchasing an additional 204,081 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of InterDigital by 152,729.3% during the first 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 first quarter valued at approximately $20,967,000. Acadian Asset Management LLC grew its holdings in shares of InterDigital by 1,556.8% during the first 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 grew its holdings in shares of InterDigital by 3,293.9% during the first 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 and hedge funds own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

InterDigital Stock Performance

Shares of IDCC stock opened at $339.90 on Monday. InterDigital, Inc. has a 12-month low of $144.46 and a 12-month high of $361.56. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.67 and a beta of 1.44. The business has a 50 day simple moving average of $303.05 and a 200 day simple moving average of $246.28. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96.

InterDigital (NASDAQ:IDCC) last issued 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 return on equity of 53.44% and a net margin of 51.92%.The business had revenue of $300.60 million during the quarter, compared to analyst estimates of $167.93 million. During the same period in the prior year, the company posted $4.57 EPS. The business’s revenue for the quarter 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 anticipate that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

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

Insider Buying and Selling

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the completion of the sale, the insider directly owned 28,370 shares in the company, valued at $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $338.08, for a total value of $338,080.00. Following the completion of the sale, the chief technology officer owned 65,122 shares of the company’s stock, valued at $22,016,445.76. This trade represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,466 shares of company stock valued at $1,016,164 over the last 90 days. 2.30% of the stock is currently owned by 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.