InterDigital, Inc. $IDCC Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC decreased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,857 shares of the Wireless communications provider’s stock after selling 18,653 shares during the quarter. InterDigital accounts for approximately 3.4% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 9th largest holding. Neumeier Poma Investment Counsel LLC owned 0.63% of InterDigital worth $36,517,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC increased its holdings in InterDigital by 91.2% in the first quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider’s stock valued at $533,000 after buying an additional 1,229 shares in the last quarter. CWM LLC grew its position in shares of InterDigital by 24.0% during the 1st quarter. CWM LLC now owns 1,138 shares of the Wireless communications provider’s stock valued at $235,000 after acquiring an additional 220 shares during the period. Csenge Advisory Group purchased a new position in shares of InterDigital in the 1st quarter valued at about $553,000. Los Angeles Capital Management LLC increased its stake in shares of InterDigital by 1.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 25,067 shares of the Wireless communications provider’s stock valued at $5,183,000 after purchasing an additional 391 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in InterDigital by 3,293.9% in the 1st quarter. Allianz Asset Management GmbH now owns 68,761 shares of the Wireless communications provider’s stock worth $14,216,000 after purchasing an additional 66,735 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In other news, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $395.63, for a total value of $184,363.58. Following the completion of the sale, the insider directly owned 27,928 shares of the company’s stock, valued at approximately $11,049,154.64. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $375.31, for a total value of $375,310.00. Following the transaction, the chief technology officer owned 64,157 shares in the company, valued at $24,078,763.67. This represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 5,182 shares of company stock worth $1,765,595. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on IDCC. William Blair restated an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Roth Capital boosted their target price on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of InterDigital in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $412.50.

InterDigital Stock Performance

NASDAQ:IDCC opened at $335.94 on Wednesday. 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, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60. The firm has a market capitalization of $8.65 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.88 and a beta of 1.45. The business’s fifty day moving average price is $354.60 and its 200 day moving average price is $278.98.

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

InterDigital Increases Dividend

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

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.