InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) CFO Richard Brezski sold 6,005 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $360.80, for a total transaction of $2,166,604.00. Following the completion of the sale, the chief financial officer directly owned 72,404 shares of the company’s stock, valued at $26,123,363.20. The trade was a 7.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Richard Brezski also recently made the following trade(s):
- On Wednesday, February 11th, Richard Brezski sold 2,000 shares of InterDigital stock. The shares were sold at an average price of $352.24, for a total transaction of $704,480.00.
- On Tuesday, January 6th, Richard Brezski sold 5,002 shares of InterDigital stock. The shares were sold at an average price of $324.08, for a total value of $1,621,048.16.
- On Monday, January 5th, Richard Brezski sold 6,981 shares of InterDigital stock. The shares were sold at an average price of $330.49, for a total value of $2,307,150.69.
InterDigital Trading Down 1.9%
Shares of IDCC opened at $356.83 on Friday. InterDigital, Inc. has a 12 month low of $180.60 and a 12 month high of $412.60. The stock’s 50-day moving average is $332.73 and its two-hundred day moving average is $327.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $9.17 billion, a PE ratio of 29.91 and a beta of 1.58.
InterDigital Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. InterDigital’s dividend payout ratio (DPR) is currently 23.47%.
More InterDigital News
Here are the key news stories impacting InterDigital this week:
- Positive Sentiment: Atle Monrad, InterDigital’s senior standards executive, was re-elected Chair of 3GPP SA6 (service architecture & procedures), reinforcing the company’s influence in wireless standards — a reputational and strategic positive for long-term licensing and partnership positioning. Article Title
- Neutral Sentiment: Short-interest reports for Feb. 11–12 show 0 shares / NaN change and a days-to-cover of 0.0, which appears to be a reporting anomaly (no evidence of increased short pressure). That limits the likelihood that short sellers are driving today’s move.
- Negative Sentiment: Chief Financial Officer Richard Brezski filed insider sales totaling 8,005 shares across Feb. 10–11 (reported at average prices near $360.80 and $352.24), representing a multi-percent reduction in his stake and proceeds of roughly $2.87M; the aggregated Form 4 is here. SEC Filing
- Negative Sentiment: Director John D. Jr. Markley sold 700 shares on Feb. 10 at about $374.95 (~$262k), trimming his holding by ~5.9%; SEC filing here. SEC Filing
- Negative Sentiment: Director Joan H. Gillman sold 325 shares on Feb. 11 at about $352.24 (~$114k), a modest reduction in her position; SEC filing here. SEC Filing
Hedge Funds Weigh In On InterDigital
A number of hedge funds have recently bought and sold shares of IDCC. Root Financial Partners LLC acquired a new stake in InterDigital during the third quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd increased its holdings in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 71 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of InterDigital during the 4th quarter valued at approximately $35,000. Twin Peaks Wealth Advisors LLC bought a new position in InterDigital during the second quarter worth $28,000. Finally, Financial Consulate Inc. acquired a new position in InterDigital in the fourth quarter worth $41,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently issued reports on IDCC. UBS Group set a $425.00 price target on shares of InterDigital in a research note on Monday, December 1st. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Roth Mkm reissued a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Finally, Jefferies Financial Group set a $475.00 target price on InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $416.67.
Check Out Our Latest Stock Analysis on InterDigital
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.
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