InterDigital (NASDAQ:IDCC) CEO Sells $993,888.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 2,975 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $334.08, for a total transaction of $993,888.00. Following the completion of the transaction, the chief executive officer owned 173,910 shares in the company, valued at approximately $58,099,852.80. The trade was a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Lawrence Liren Chen also recently made the following trade(s):

• On Tuesday, December 30th, Lawrence Liren Chen sold 2,975 shares of InterDigital stock. The stock was sold at an average price of $329.50, for a total transaction of $980,262.50.

InterDigital Stock Performance

Shares of NASDAQ:IDCC traded up $0.23 during mid-day trading on Wednesday, reaching $309.23. The company had a trading volume of 468,100 shares, compared to its average volume of 383,100. InterDigital, Inc. has a one year low of $169.58 and a one year high of $412.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $348.21 and its 200-day moving average price is $308.92. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 20.87 and a beta of 1.57.

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, topping analysts’ consensus estimates of $1.79 by $0.14. The business had revenue of $164.68 million during the quarter, compared to the consensus estimate of $153.43 million. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The business’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. 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, equities research analysts anticipate that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

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

Institutional Trading of InterDigital

Hedge funds and other institutional investors have recently bought and sold shares of the company. QP Wealth Management LLC purchased a new stake in InterDigital in the 4th quarter worth approximately $551,000. GAMMA Investing LLC increased its holdings in shares of InterDigital by 5.1% in the fourth quarter. GAMMA Investing LLC now owns 2,098 shares of the Wireless communications provider’s stock worth $668,000 after purchasing an additional 101 shares during the period. IFP Advisors Inc raised its position in shares of InterDigital by 516.7% in the third quarter. IFP Advisors Inc now owns 259 shares of the Wireless communications provider’s stock worth $89,000 after buying an additional 217 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new stake in shares of InterDigital in the third quarter worth $418,000. Finally, Cambria Investment Management L.P. boosted its stake in InterDigital by 25.0% during the third quarter. Cambria Investment Management L.P. now owns 2,522 shares of the Wireless communications provider’s stock valued at $871,000 after buying an additional 504 shares during the period. Institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IDCC. Jefferies Financial Group set a $475.00 target price on shares of InterDigital and gave the stock a “buy” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Roth Capital lifted their price objective on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. UBS Group set a $425.00 target price on InterDigital in a research report on Monday, December 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $416.67.

InterDigital Company 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.