Vontobel Holding Ltd. Acquires 7,113 Shares of InterDigital, Inc. $IDCC

Vontobel Holding Ltd. increased its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 144.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,043 shares of the Wireless communications provider’s stock after purchasing an additional 7,113 shares during the period. Vontobel Holding Ltd.’s holdings in InterDigital were worth $4,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in InterDigital by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock worth $148,103,000 after acquiring an additional 12,223 shares in the last quarter. Congress Asset Management Co. lifted its position in InterDigital by 2.7% during 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 period. Norges Bank purchased a new stake in InterDigital in the second quarter valued at approximately $71,200,000. Ameriprise Financial Inc. boosted its holdings in shares of InterDigital by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after acquiring an additional 83,221 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC grew its position in InterDigital by 25,257.5% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 204,889 shares of the Wireless communications provider’s stock worth $42,361,000 after purchasing an additional 204,081 shares during the period. Institutional investors own 99.83% of the company’s stock.

Insider Activity at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Kritzmacher sold 1,250 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total transaction of $413,750.00. Following the transaction, the director directly owned 15,815 shares in the company, valued at $5,234,765. The trade was a 7.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,466 shares of company stock worth $2,642,279 in the last 90 days. 2.80% of the stock is owned by insiders.

InterDigital Stock Performance

Shares of IDCC stock opened at $328.25 on Friday. InterDigital, Inc. has a 1 year low of $169.58 and a 1 year high of $412.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 22.15 and a beta of 1.54. The stock’s 50-day moving average is $356.05 and its two-hundred day moving average is $302.12.

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

InterDigital Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of InterDigital in a report on Monday. Zacks Research cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group set a $425.00 target price on shares of InterDigital in a research note on Monday, December 1st. William Blair reissued an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Finally, Roth Capital increased their price target on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One investment 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 stock. According to MarketBeat.com, InterDigital has an average rating of “Buy” and an average target price 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.