Vontobel Holding Ltd. Has $4.16 Million Stock Holdings in InterDigital, Inc. $IDCC

Vontobel Holding Ltd. boosted its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 144.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,043 shares of the Wireless communications provider’s stock after buying an additional 7,113 shares during the period. Vontobel Holding Ltd.’s holdings in InterDigital were worth $4,158,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in shares of InterDigital by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider’s stock valued at $2,554,000 after acquiring an additional 41 shares during the last quarter. Creative Planning boosted its stake in InterDigital by 0.3% in the 2nd quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock valued at $3,441,000 after purchasing an additional 46 shares during the period. Farther Finance Advisors LLC grew its stake in shares of InterDigital by 2.7% in the second quarter. Farther Finance Advisors LLC now owns 2,029 shares of the Wireless communications provider’s stock valued at $455,000 after acquiring an additional 54 shares in the last quarter. Amalgamated Bank increased its holdings in shares of InterDigital by 0.8% during the second quarter. Amalgamated Bank now owns 7,368 shares of the Wireless communications provider’s stock worth $1,652,000 after purchasing an additional 58 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in InterDigital by 0.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 11,649 shares of the Wireless communications provider’s stock valued at $4,022,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

IDCC has been the subject of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Roth Capital raised their target price on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reissued a “buy (a-)” rating on shares of InterDigital in a report on Monday. UBS Group set a $425.00 price target on shares of InterDigital in a report on Monday, December 1st. Finally, Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $416.67.

Insider Transactions at InterDigital

In other InterDigital news, Director John A. Kritzmacher sold 1,250 shares of InterDigital stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total value of $413,750.00. Following the completion of the sale, the director owned 15,815 shares of the company’s stock, valued at approximately $5,234,765. This trade represents a 7.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $395.63, for a total transaction of $184,363.58. Following the sale, the insider owned 27,928 shares of the company’s stock, valued at approximately $11,049,154.64. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 7,466 shares of company stock valued at $2,642,279. Company insiders own 2.80% of the company’s stock.

InterDigital Stock Up 0.1%

Shares of NASDAQ IDCC opened at $328.25 on Friday. The business has a 50-day simple moving average of $356.05 and a two-hundred day simple moving average of $302.12. The company has a market cap of $8.45 billion, a P/E ratio of 22.15 and a beta of 1.54. InterDigital, Inc. has a 52 week low of $169.58 and a 52 week high of $412.60. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.14. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The business had revenue of $164.68 million during the quarter, compared to analysts’ expectations of $153.43 million. During the same quarter in the previous year, the company earned $1.14 EPS. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. InterDigital’s dividend payout ratio (DPR) is presently 18.89%.

InterDigital Company Profile

InterDigital, Inc is a mobile and video technology research and development company that designs and licenses wireless communications and video compression innovations. Its patent portfolio encompasses key standards across 3G, 4G LTE and 5G wireless networks, as well as video and multimedia technologies. By focusing on fundamental technology creation rather than device manufacturing, InterDigital delivers core intellectual property to smartphone manufacturers, chipset vendors and telecommunications operators worldwide.

The company’s principal services include patent licensing, technology evaluation and consulting.