Key Points
- Director John Kritzmacher sold 1,250 shares at an average price of $357.37 (totaling $446,712.50), trimming his stake by 6.83% to 17,065 shares valued at about $6.10 million.
- InterDigital reported a quarter with an EPS beat ($1.93 vs. $1.79) and revenue of $164.68M (up 28% YoY), set FY2025 EPS guidance of 14.570–14.830, and carries a consensus analyst rating of "Buy" with an average target of $416.67.
- The company announced a quarterly dividend of $0.70 (annualized $2.80) with an ex-dividend/record date of January 14 and a January 28 pay date, implying a yield of about 0.8% and a payout ratio near 18.9%.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) Director John Kritzmacher sold 1,250 shares of the firm's stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $357.37, for a total value of $446,712.50. Following the transaction, the director owned 17,065 shares in the company, valued at approximately $6,098,519.05. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
InterDigital Stock Performance
IDCC opened at $359.88 on Thursday. The firm has a market cap of $9.27 billion, a P/E ratio of 24.28 and a beta of 1.54. The business's fifty day moving average is $359.04 and its 200-day moving average is $293.55. InterDigital, Inc. has a 52-week low of $169.58 and a 52-week high of $412.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.89 and a current ratio of 1.89.
InterDigital (NASDAQ:IDCC - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $1.14 earnings per share. The business's revenue for the quarter was up 28.0% on a year-over-year basis. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Sell-side analysts expect that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.
InterDigital Dividend Announcement
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 given a $0.70 dividend. 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 dividend payout ratio (DPR) is currently 18.89%.
Analysts Set New Price Targets
A number of brokerages have recently commented on IDCC. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a "buy" rating in a research note on Thursday, October 30th. Weiss Ratings restated a "buy (a-)" rating on shares of InterDigital in a research report on Monday. Roth Capital lifted their price target on shares of InterDigital from $270.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 12th. William Blair restated an "outperform" rating on shares of InterDigital in a report on Monday, September 22nd. Finally, Zacks Research lowered InterDigital from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $416.67.
Check Out Our Latest Stock Analysis on InterDigital
Hedge Funds Weigh In On InterDigital
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in InterDigital during the 2nd quarter worth about $28,000. Root Financial Partners LLC bought a new stake in shares of InterDigital during the 3rd quarter valued at about $30,000. Banque Transatlantique SA bought a new stake in shares of InterDigital during the 1st quarter valued at about $33,000. Headlands Technologies LLC acquired a new stake in InterDigital during the first quarter worth approximately $35,000. Finally, Global Wealth Strategies & Associates bought a new stake in InterDigital in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 99.83% of the company's stock.
InterDigital Company Profile
(
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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