D Orazio & Associates Inc. Grows Position in InterDigital, Inc. $IDCC

D Orazio & Associates Inc. raised its position in InterDigital, Inc. (NASDAQ:IDCC) by 35.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,348 shares of the Wireless communications provider’s stock after buying an additional 353 shares during the quarter. D Orazio & Associates Inc.’s holdings in InterDigital were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of IDCC. Geode Capital Management LLC increased its holdings in shares of InterDigital by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock valued at $148,103,000 after acquiring an additional 12,223 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in InterDigital by 19.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 358,843 shares of the Wireless communications provider’s stock worth $74,191,000 after purchasing an additional 59,517 shares during the period. Invesco Ltd. grew its position in InterDigital by 8.5% during the 1st quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider’s stock worth $73,542,000 after purchasing an additional 27,853 shares during the last quarter. Congress Asset Management Co. increased its stake in 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 purchasing an additional 4,651 shares during the period. Finally, New Vernon Capital Holdings II LLC increased its stake in 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 purchasing an additional 204,081 shares during the period. 99.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John A. Kritzmacher sold 1,250 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $360.63, for a total transaction of $450,787.50. Following the transaction, the director directly owned 19,565 shares of the company’s stock, valued at $7,055,725.95. This represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $395.63, for a total transaction of $184,363.58. Following the completion of the sale, the insider owned 27,928 shares of the company’s stock, valued at $11,049,154.64. This trade represents a 1.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,182 shares of company stock worth $2,026,625. Corporate insiders own 2.30% of the company’s stock.

InterDigital Stock Performance

NASDAQ IDCC opened at $345.88 on Friday. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.88 and a beta of 1.45. The business’s 50 day moving average is $351.99 and its two-hundred day moving average is $275.01. InterDigital, Inc. has a 12-month low of $169.58 and a 12-month high of $412.60. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02.

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

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 8th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, October 8th. This is an increase from InterDigital’s previous quarterly dividend of $0.60. InterDigital’s payout ratio is presently 18.89%.

Wall Street Analysts Forecast Growth

IDCC has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of InterDigital in a research note on Tuesday. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Jefferies Financial Group set a $475.00 target price on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Roth Capital boosted 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. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $412.50.

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.