InterDigital, Inc. $IDCC Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of InterDigital, Inc. (NASDAQ:IDCC) by 17.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,036 shares of the Wireless communications provider’s stock after selling 1,696 shares during the quarter. Yousif Capital Management LLC’s holdings in InterDigital were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in InterDigital in the third quarter valued at about $128,000. Wedge Capital Management L L P NC purchased a new stake in shares of InterDigital in the 3rd quarter valued at approximately $67,282,000. Congress Asset Management Co. lifted its holdings in shares of InterDigital by 2.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock worth $121,872,000 after acquiring an additional 9,265 shares during the last quarter. Marshall Financial Group LLC boosted its position in shares of InterDigital by 3.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,424 shares of the Wireless communications provider’s stock worth $1,527,000 after purchasing an additional 163 shares during the period. Finally, FCG Investment Co boosted its position in shares of InterDigital by 71.9% during the 3rd quarter. FCG Investment Co now owns 6,197 shares of the Wireless communications provider’s stock worth $2,139,000 after purchasing an additional 2,592 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $330.69 on Friday. The stock’s 50-day moving average is $355.33 and its two-hundred day moving average is $303.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89. InterDigital, Inc. has a 1-year low of $169.58 and a 1-year high of $412.60. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 22.31 and a beta of 1.54.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The business had revenue of $164.68 million during the quarter, compared to analysts’ expectations of $153.43 million. During the same quarter last year, the business posted $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. Analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, January 14th. InterDigital’s payout ratio is 18.89%.

Insider Buying and Selling at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the stock in a transaction 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 transaction, the insider owned 27,928 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, Director John A. Kritzmacher sold 1,250 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were 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 in the company, valued at approximately $5,234,765. This represents a 7.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,466 shares of company stock valued at $2,642,279. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IDCC shares. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Roth Capital boosted their price objective on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Weiss Ratings restated a “buy (a-)” rating on shares of InterDigital in a report on Monday, December 22nd. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, William Blair reissued an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $416.67.

InterDigital 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.