Robeco Institutional Asset Management B.V. Cuts Stake in InterDigital, Inc. $IDCC

Robeco Institutional Asset Management B.V. lowered its position in shares of InterDigital, Inc. (NASDAQ:IDCC) by 20.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,866 shares of the Wireless communications provider’s stock after selling 32,165 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in InterDigital were worth $27,999,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of InterDigital by 7.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,489 shares of the Wireless communications provider’s stock valued at $928,000 after buying an additional 316 shares during the period. Inspire Investing LLC increased its stake in shares of InterDigital by 37.9% during the first quarter. Inspire Investing LLC now owns 15,227 shares of the Wireless communications provider’s stock valued at $3,148,000 after buying an additional 4,188 shares during the period. Cerity Partners LLC increased its stake in shares of InterDigital by 91.2% during the first quarter. Cerity Partners LLC now owns 2,576 shares of the Wireless communications provider’s stock valued at $533,000 after buying an additional 1,229 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of InterDigital by 3.6% during the second quarter. Harbor Capital Advisors Inc. now owns 43,660 shares of the Wireless communications provider’s stock valued at $9,790,000 after buying an additional 1,502 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of InterDigital during the first quarter valued at $214,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

InterDigital Price Performance

Shares of IDCC stock opened at $339.10 on Friday. InterDigital, Inc. has a fifty-two week low of $142.35 and a fifty-two week high of $361.56. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.96 and a current ratio of 1.96. The stock’s 50-day simple moving average is $292.70 and its 200-day simple moving average is $241.68.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $3.75. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The business had revenue of $300.60 million for the quarter, compared to analyst estimates of $167.93 million. During the same quarter in the previous year, the firm earned $4.57 earnings per share. The company’s revenue was up 34.5% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.170-14.770 EPS. Q3 2025 guidance at 1.520-1.720 EPS. As a group, equities analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 8th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, October 8th. This is a positive change from InterDigital’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s payout ratio is presently 17.11%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IDCC. Weiss Ratings restated a “buy (b)” rating on shares of InterDigital in a research note on Saturday, September 27th. William Blair reiterated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Roth Capital lifted their target price on InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $340.00 target price on shares of InterDigital in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $345.00.

Insider Transactions at InterDigital

In related news, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $273.12, for a total value of $127,273.92. Following the sale, the insider owned 28,370 shares in the company, valued at $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $289.78, for a total value of $289,780.00. Following the completion of the sale, the chief technology officer owned 66,122 shares in the company, valued at approximately $19,160,833.16. This represents a 1.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,466 shares of company stock worth $902,664 in the last 90 days. Insiders own 2.80% of the company’s stock.

InterDigital Company Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.