Insider Selling: John A. Kritzmacher Sells 2,000 Shares of InterDigital Stock (IDCC)
InterDigital (NASDAQ:IDCC) Director John A. Kritzmacher sold 2,000 shares of InterDigital stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $43.24, for a total value of $86,480.00. Following the transaction, the director now directly owns 12,369 shares of the company’s stock, valued at approximately $534,836. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of InterDigital from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $51.20 price target on the stock. Analysts at Barclays raised their price target on shares of InterDigital from $35.00 to $48.00 in a research note on Tuesday, July 29th. They now have an “equal weight” rating on the stock.
Shares of InterDigital (NASDAQ:IDCC) traded up 0.85% on Wednesday, hitting $42.80. The stock had a trading volume of 375,477 shares. InterDigital has a 52 week low of $26.25 and a 52 week high of $49.10. The stock has a 50-day moving average of $45.76 and a 200-day moving average of $37.42. The company has a market cap of $1.705 billion and a price-to-earnings ratio of 14.78.
InterDigital (NASDAQ:IDCC) last released its earnings data on Thursday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by $0.18. The company had revenue of $194.20 million for the quarter, compared to the consensus estimate of $192.30 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 186.9% on a year-over-year basis. Analysts expect that InterDigital will post $2.27 EPS for the current fiscal year.
InterDigital, Inc (NASDAQ:IDCC) designs and develops advanced technologies for wireless communications.
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