Vontobel Holding Ltd. Decreases Stock Holdings in InterDigital, Inc. $IDCC

Vontobel Holding Ltd. decreased its position in InterDigital, Inc. (NASDAQ:IDCC) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,930 shares of the Wireless communications provider’s stock after selling 490 shares during the quarter. Vontobel Holding Ltd.’s holdings in InterDigital were worth $1,105,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased 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 acquiring an additional 59,517 shares during the period. Invesco Ltd. increased its position in shares of InterDigital by 8.5% during the first quarter. Invesco Ltd. now owns 355,704 shares of the Wireless communications provider’s stock valued at $73,542,000 after buying an additional 27,853 shares during the period. Congress Asset Management Co. increased its position in shares of InterDigital by 1.4% during 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 buying an additional 4,651 shares during the period. New Vernon Capital Holdings II LLC increased its position 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 buying an additional 204,081 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of InterDigital by 3.7% during 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 buying an additional 5,374 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of InterDigital in a research report on Saturday, September 27th. William Blair reiterated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Roth Capital increased their price objective on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a $340.00 price objective on shares of InterDigital in a research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $345.00.

Insider Buying and Selling at InterDigital

In other news, CTO Rajesh Pankaj sold 1,000 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $338.08, for a total transaction of $338,080.00. Following the sale, the chief technology officer directly owned 65,122 shares in the company, valued at $22,016,445.76. This trade represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joshua D. Schmidt sold 466 shares of the firm’s stock in a transaction 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 sale, the insider 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 disclosure for this sale can be found here. Insiders have sold a total of 3,466 shares of company stock worth $1,016,164 over the last 90 days. Insiders own 2.30% of the company’s stock.

InterDigital Stock Down 2.4%

IDCC opened at $339.90 on Monday. 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, Inc. has a 1-year low of $144.46 and a 1-year high of $361.56. The company has a market capitalization of $8.77 billion, a PE ratio of 24.23, a PEG ratio of 1.67 and a beta of 1.44. The firm’s 50 day simple moving average is $303.05 and its two-hundred day simple moving average is $246.28.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping the consensus estimate of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business had revenue of $300.60 million for the quarter, compared to the consensus estimate of $167.93 million. During the same period last year, the firm earned $4.57 earnings per share. The company’s quarterly revenue 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. As a group, equities analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, October 8th. This is a boost from InterDigital’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.8%. InterDigital’s payout ratio is 19.96%.

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.