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

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 2,975 shares of InterDigital stock in a transaction on Tuesday, January 13th. The stock was 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 position. The transaction was disclosed in a document filed 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 stock was 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 transaction of $980,262.50.

InterDigital Stock Performance

IDCC traded down $1.43 during trading on Wednesday, hitting $312.63. The stock had a trading volume of 313,010 shares, compared to its average volume of 295,457. InterDigital, Inc. has a one year low of $169.58 and a one year high of $412.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 21.10 and a beta of 1.57. The company has a 50 day moving average price of $340.84 and a 200-day moving average price of $311.70.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share 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 company had revenue of $164.68 million for the quarter, compared to analysts’ expectations of $153.43 million. During the same period in the previous year, the business posted $1.14 earnings per share. 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. As a group, research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s payout ratio is currently 18.89%.

Analyst Ratings Changes

IDCC has been the topic of a number of research analyst reports. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the stock a “buy” rating in a report on Thursday, October 30th. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Zacks Research downgraded 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. Finally, Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of InterDigital by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 3,911 shares of the Wireless communications provider’s stock valued at $809,000 after purchasing an additional 1,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in InterDigital by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,066 shares of the Wireless communications provider’s stock valued at $15,933,000 after buying an additional 4,105 shares during the period. Focus Partners Wealth bought a new stake in InterDigital during the 1st quarter valued at $2,427,000. Strs Ohio purchased a new position in InterDigital during the 1st quarter valued at about $972,000. Finally, Gallacher Capital Management LLC bought a new position in shares of InterDigital in the 2nd quarter worth $200,000. Institutional investors own 99.83% of the company’s stock.

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.