Rowlandmiller & PARTNERS.ADV Buys 102 Shares of InterDigital, Inc. $IDCC

Rowlandmiller & PARTNERS.ADV grew its stake in InterDigital, Inc. (NASDAQ:IDCC) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,125 shares of the Wireless communications provider’s stock after acquiring an additional 102 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in InterDigital were worth $2,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of IDCC. Elequin Capital LP bought a new position in shares of InterDigital in the fourth quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of InterDigital in the first quarter worth about $32,000. Banque Transatlantique SA bought a new position in shares of InterDigital in the first quarter worth about $33,000. Headlands Technologies LLC bought a new position in shares of InterDigital in the first quarter worth about $35,000. Finally, Concord Wealth Partners bought a new position in shares of InterDigital in the first quarter worth about $37,000. 99.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Capital boosted their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $350.00.

InterDigital Stock Down 0.6%

Shares of NASDAQ:IDCC opened at $322.87 on Friday. InterDigital, Inc. has a one year low of $132.98 and a one year high of $327.49. The company has a 50 day moving average of $258.33 and a 200-day moving average of $228.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.62 and a beta of 1.42.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 EPS for the quarter, topping the consensus estimate of $2.77 by $3.75. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The company had revenue of $300.60 million during the quarter, compared to analysts’ expectations of $167.93 million. During the same quarter in the previous year, the company earned $4.57 EPS. InterDigital’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. On average, sell-side analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Joshua D. Schmidt sold 466 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $273.12, for a total transaction of $127,273.92. Following the completion of the transaction, the insider owned 28,370 shares in the company, valued at approximately $7,748,414.40. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Rajesh Pankaj sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $261.03, for a total transaction of $261,030.00. Following the transaction, the chief technology officer owned 67,122 shares of the company’s stock, valued at approximately $17,520,855.66. This represents a 1.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,932 shares of company stock valued at $1,010,930. Corporate insiders own 2.80% of the company’s stock.

InterDigital 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.