Osaic Holdings Inc. Has $4.75 Million Stock Position in InterDigital, Inc. $IDCC

Osaic Holdings Inc. raised its position in InterDigital, Inc. (NASDAQ:IDCC) by 22.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,245 shares of the Wireless communications provider’s stock after purchasing an additional 3,949 shares during the quarter. Osaic Holdings Inc.’s holdings in InterDigital were worth $4,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IDCC. Geode Capital Management LLC lifted its holdings in shares of InterDigital by 1.9% during 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 buying an additional 12,223 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in InterDigital by 19.9% during 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 in the last quarter. Congress Asset Management Co. lifted 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 acquiring an additional 4,651 shares during the last quarter. Norges Bank bought a new stake in InterDigital in the second quarter worth approximately $71,200,000. Finally, Ameriprise Financial Inc. grew its position in InterDigital by 36.8% in the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after acquiring an additional 83,221 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Price Performance

Shares of IDCC stock opened at $327.78 on Wednesday. InterDigital, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60. The stock has a 50-day moving average price of $357.56 and a 200 day moving average price of $301.75. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.02. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 22.12 and a beta of 1.54.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.14. The firm had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The company’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. 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 expect that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $2.80 annualized dividend and a yield of 0.9%. InterDigital’s payout ratio is 18.89%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IDCC. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of InterDigital in a research report on Monday. UBS Group set a $425.00 price target on InterDigital in a research note on Monday, December 1st. Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $416.67.

Insider Activity at InterDigital

In other InterDigital news, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $395.63, for a total value of $184,363.58. Following the sale, the insider owned 27,928 shares in the company, valued at $11,049,154.64. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Rajesh Pankaj sold 1,000 shares of InterDigital stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $375.31, for a total transaction of $375,310.00. Following the sale, the chief technology officer directly owned 64,157 shares of the company’s stock, valued at $24,078,763.67. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,466 shares of company stock valued at $2,642,279. 2.30% of the stock is owned by insiders.

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.