InterDigital (NASDAQ:IDCC) CEO Sells $903,715.75 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 2,975 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $303.77, for a total value of $903,715.75. Following the completion of the transaction, the chief executive officer directly owned 162,010 shares in the company, valued at $49,213,777.70. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, January 13th, Lawrence Liren Chen sold 2,975 shares of InterDigital stock. The stock was sold at an average price of $310.82, for a total value of $924,689.50.
• 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 value of $993,888.00.
• On Tuesday, December 30th, Lawrence Liren Chen sold 2,975 shares of InterDigital stock. The shares were sold at an average price of $329.50, for a total value of $980,262.50.

InterDigital Price Performance

Shares of NASDAQ:IDCC opened at $330.52 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.89 and a current ratio of 1.89. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 22.30 and a beta of 1.57. The business has a 50-day simple moving average of $333.60 and a two-hundred day simple moving average of $315.83. InterDigital, Inc. has a fifty-two week low of $174.56 and a fifty-two week high of $412.60.

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

InterDigital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. InterDigital’s payout ratio is currently 18.89%.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. UBS Group set a $425.00 target price on InterDigital in a research report on Monday, December 1st. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, December 29th. Roth Mkm reissued a “buy” rating on shares of InterDigital in a report on Tuesday. Finally, Jefferies Financial Group set a $475.00 target price on shares of InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in InterDigital during the 2nd quarter worth approximately $28,000. Root Financial Partners LLC purchased a new stake in shares of InterDigital in the third quarter worth $30,000. Aster Capital Management DIFC Ltd increased its stake in shares of InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 71 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of InterDigital during the 4th quarter valued at $41,000. Finally, Huntington National Bank lifted its stake in shares of InterDigital by 530.3% during the 2nd quarter. Huntington National Bank now owns 208 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 175 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors.

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.