Amundi Sells 1,220 Shares of InterDigital, Inc. $IDCC

Amundi trimmed its position in InterDigital, Inc. (NASDAQ:IDCC) by 5.8% during the first quarter, HoldingsChannel.com reports. The firm owned 19,677 shares of the Wireless communications provider’s stock after selling 1,220 shares during the quarter. Amundi’s holdings in InterDigital were worth $3,904,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IDCC. GAMMA Investing LLC lifted its holdings in shares of InterDigital by 31,724.6% in the first quarter. GAMMA Investing LLC now owns 299,788 shares of the Wireless communications provider’s stock valued at $619,810,000 after purchasing an additional 298,846 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of InterDigital by 3,962.5% in the fourth quarter. Millennium Management LLC now owns 128,780 shares of the Wireless communications provider’s stock valued at $24,947,000 after purchasing an additional 125,610 shares in the last quarter. Bessemer Group Inc. raised its holdings in InterDigital by 152,729.3% during the first quarter. Bessemer Group Inc. now owns 114,622 shares of the Wireless communications provider’s stock worth $23,700,000 after acquiring an additional 114,547 shares in the last quarter. Nuveen LLC bought a new stake in InterDigital during the first quarter worth about $20,967,000. Finally, SG Americas Securities LLC raised its holdings in InterDigital by 2,687.9% during the first quarter. SG Americas Securities LLC now owns 74,494 shares of the Wireless communications provider’s stock worth $15,402,000 after acquiring an additional 71,822 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

InterDigital Stock Performance

IDCC opened at $324.87 on Friday. InterDigital, Inc. has a 52-week low of $131.29 and a 52-week high of $325.82. The firm has a market capitalization of $8.38 billion, a PE ratio of 23.16, a PEG ratio of 1.48 and a beta of 1.42. 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 business’s 50-day simple moving average is $256.35 and its 200 day simple moving average is $227.50.

InterDigital (NASDAQ:IDCC) last released its earnings results on Thursday, July 31st. The Wireless communications provider reported $6.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $4.57 earnings per share. 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. As a group, sell-side analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Joshua D. Schmidt sold 466 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $273.12, for a total transaction of $127,273.92. Following the sale, the insider owned 28,370 shares in the company, valued at approximately $7,748,414.40. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Rajesh Pankaj sold 1,000 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $289.78, for a total value of $289,780.00. Following the sale, the chief technology officer owned 66,122 shares in the company, valued at $19,160,833.16. The trade was a 1.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,932 shares of company stock worth $1,010,930 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

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.