Touchstone Capital Inc. Invests $842,000 in InterDigital, Inc. $IDCC

Touchstone Capital Inc. purchased a new position in shares of InterDigital, Inc. (NASDAQ:IDCC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,438 shares of the Wireless communications provider’s stock, valued at approximately $842,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in InterDigital during the 2nd quarter worth approximately $71,200,000. Wedge Capital Management L L P NC bought a new position in InterDigital during the third quarter worth $67,282,000. Empowered Funds LLC boosted its holdings in InterDigital by 303.1% in the second quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock worth $32,156,000 after purchasing an additional 107,828 shares during the period. Ameriprise Financial Inc. boosted its holdings 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 purchasing an additional 83,221 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of InterDigital by 92.1% during the second quarter. Allianz Asset Management GmbH now owns 132,094 shares of the Wireless communications provider’s stock worth $29,619,000 after purchasing an additional 63,333 shares during the period. 99.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group set a $425.00 price target on shares of InterDigital in a report on Monday, December 1st. Jefferies Financial Group set a $475.00 target price on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. William Blair reissued an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Finally, Weiss Ratings downgraded InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

InterDigital Price Performance

Shares of NASDAQ IDCC opened at $314.06 on Wednesday. The stock has a market cap of $8.09 billion, a P/E ratio of 21.19 and a beta of 1.57. The firm’s 50-day simple moving average is $340.84 and its 200 day simple moving average is $311.70. InterDigital, Inc. has a fifty-two week low of $169.58 and a fifty-two 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 earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS 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 analysts’ expectations of $153.43 million. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. InterDigital’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Equities analysts expect that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s dividend payout ratio (DPR) is presently 18.89%.

Insider Transactions at InterDigital

In other news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard Brezski sold 6,981 shares of InterDigital stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $330.49, for a total value of $2,307,150.69. Following the transaction, the chief financial officer directly owned 83,374 shares in the company, valued at approximately $27,554,273.26. The trade was a 7.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,865 shares of company stock valued at $8,684,906 in the last quarter. Company insiders own 2.30% of the company’s stock.

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.