Reinhart Partners LLC. Grows Stock Holdings in InterDigital, Inc. $IDCC

Reinhart Partners LLC. increased its stake in shares of InterDigital, Inc. (NASDAQ:IDCC) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,346 shares of the Wireless communications provider’s stock after buying an additional 3,030 shares during the quarter. InterDigital accounts for about 4.6% of Reinhart Partners LLC.’s investment portfolio, making the stock its 2nd largest position. Reinhart Partners LLC. owned 1.60% of InterDigital worth $142,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of IDCC. Norges Bank bought a new position in shares of InterDigital during the second quarter valued at $71,200,000. Wedge Capital Management L L P NC acquired a new position in InterDigital in the third quarter valued at about $67,282,000. Empowered Funds LLC boosted its position in InterDigital by 303.1% in the second quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock valued at $32,156,000 after buying an additional 107,828 shares in the last quarter. Ameriprise Financial Inc. grew its stake in InterDigital by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock worth $69,433,000 after buying an additional 83,221 shares during the last quarter. Finally, Allianz Asset Management GmbH increased 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 buying an additional 63,333 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Insider Activity at InterDigital

In related news, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $326.75, for a total value of $326,750.00. Following the completion of the sale, the chief technology officer owned 62,157 shares in the company, valued at approximately $20,309,799.75. This represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John A. Kritzmacher sold 1,250 shares of the stock in a transaction dated 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 28,840 shares of company stock worth $9,609,596. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

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

InterDigital Price Performance

InterDigital stock opened at $308.76 on Friday. The business’s 50-day simple moving average is $336.75 and its 200 day simple moving average is $312.28. 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 stock has a market cap of $7.95 billion, a price-to-earnings ratio of 20.83 and a beta of 1.57. InterDigital, Inc. has a 12-month low of $169.58 and a 12-month high of $412.60.

InterDigital (NASDAQ:IDCC) last released 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. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The company had revenue of $164.68 million for the quarter, compared to the consensus estimate of $153.43 million. During the same period in the prior year, the company posted $1.14 EPS. The company’s 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. As a group, research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s payout ratio is currently 18.89%.

About InterDigital

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.