InterDigital (NASDAQ:IDCC) CEO Sells $924,689.50 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 2,975 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $310.82, for a total transaction of $924,689.50. Following the sale, the chief executive officer directly owned 167,960 shares of the company’s stock, valued at $52,205,327.20. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, January 6th, Lawrence Liren Chen sold 2,975 shares of InterDigital stock. The shares were sold at an average price of $334.08, for a total transaction of $993,888.00.
• 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 Down 0.5%

NASDAQ:IDCC traded down $1.43 during trading hours on Wednesday, hitting $312.63. 313,010 shares of the stock traded hands, compared to its average volume of 295,457. The firm has a 50 day moving average price of $340.84 and a 200 day moving average price of $311.70. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 21.10 and a beta of 1.57. InterDigital, Inc. has a fifty-two week low of $169.58 and a fifty-two week 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.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The firm had revenue of $164.68 million during the quarter, compared to the consensus estimate of $153.43 million. During the same period in the prior year, the business earned $1.14 EPS. The business’s revenue for the quarter was up 28.0% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Equities research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC bought a new stake in shares of InterDigital during the fourth quarter valued at approximately $393,000. Exchange Traded Concepts LLC lifted its stake in shares of InterDigital by 13.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,710 shares of the Wireless communications provider’s stock valued at $1,181,000 after acquiring an additional 452 shares during the period. Norden Group LLC boosted its holdings in InterDigital by 17.4% in the fourth quarter. Norden Group LLC now owns 1,159 shares of the Wireless communications provider’s stock valued at $369,000 after acquiring an additional 172 shares during the last quarter. SG Americas Securities LLC acquired a new stake in InterDigital in the fourth quarter worth about $1,844,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in InterDigital by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the Wireless communications provider’s stock worth $1,613,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

Analyst Ratings Changes

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

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.