Key Points
- Director John Kritzmacher sold 1,250 shares on Nov. 25 at an average of $346.62 for $433,275, cutting his holding by 6.39% to 18,315 shares.
- InterDigital beat quarterly expectations, reporting EPS of $1.93 (vs. $1.79 est.) and revenue of $164.7M (+28% YoY), and issued FY2025 EPS guidance of $14.57–14.83.
- The company raised its quarterly dividend to $0.70 (annualized $2.80, ~0.8% yield) and holds a consensus "Buy" analyst rating with a $412.50 price target.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) Director John Kritzmacher sold 1,250 shares of the business's stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $346.62, for a total value of $433,275.00. Following the completion of the sale, the director owned 18,315 shares of the company's stock, valued at $6,348,345.30. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
InterDigital Trading Up 0.6%
Shares of NASDAQ:IDCC opened at $359.89 on Thursday. The business's 50 day moving average price is $357.16 and its 200-day moving average price is $283.96. InterDigital, Inc. has a 1 year low of $169.58 and a 1 year high of $412.60. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.96 and a quick ratio of 1.96.
InterDigital (NASDAQ:IDCC - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.14. The company had revenue of $164.68 million during the quarter, compared to analysts' expectations of $153.43 million. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS. Q4 2025 guidance at 1.380-1.630 EPS. On average, equities research analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.
InterDigital Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, October 8th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. This is a boost from InterDigital's previous quarterly dividend of $0.60. InterDigital's dividend payout ratio is 18.89%.
Institutional Investors Weigh In On InterDigital
Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its holdings in InterDigital by 16.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 860 shares of the Wireless communications provider's stock valued at $297,000 after purchasing an additional 122 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of InterDigital during the 3rd quarter valued at approximately $954,000. WBI Investments LLC acquired a new position in InterDigital in the third quarter valued at approximately $3,221,000. Coldstream Capital Management Inc. purchased a new position in InterDigital in the third quarter worth approximately $283,000. Finally, Danske Bank A S purchased a new stake in InterDigital in the third quarter valued at $104,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
IDCC has been the subject of several research reports. Roth Capital boosted their price objective on InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. William Blair reiterated an "outperform" rating on shares of InterDigital in a research report on Monday, September 22nd. Weiss Ratings restated a "buy (a-)" rating on shares of InterDigital in a report on Monday. Zacks Research cut shares of InterDigital from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 21st. 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, InterDigital currently has a consensus rating of "Buy" and a consensus price target of $412.50.
View Our Latest Stock Analysis on IDCC
About InterDigital
(
Get Free Report)
InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.
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