Key Points
- CEO sale: InterDigital CEO Lawrence Liren Chen sold 2,975 shares at an average price of $329.50 on Dec. 30 for about $980,262.50, trimming his stake by 1.63% to 179,860 shares (≈$59.26M).
- Earnings beat and guidance: The company reported EPS of $1.93 vs. $1.79 expected and revenue of $164.68M (+28% YoY), and set FY2025 guidance of 14.57–14.83 EPS.
- Dividend and analyst view: InterDigital announced a quarterly dividend of $0.70 (annualized $2.80, yield 0.9%, ex-dividend Jan. 14), and analysts hold a consensus "Moderate Buy" with an average price target of $416.67.
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) insider Joshua Schmidt sold 466 shares of InterDigital stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $325.34, for a total transaction of $151,608.44. Following the completion of the sale, the insider owned 27,462 shares in the company, valued at approximately $8,934,487.08. This trade represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
InterDigital Price Performance
Shares of InterDigital stock opened at $318.38 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89. InterDigital, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60. The stock has a market capitalization of $8.20 billion, a P/E ratio of 21.48 and a beta of 1.54. The business has a 50 day simple moving average of $352.66 and a two-hundred day simple moving average of $305.58.
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 for the quarter, beating analysts' consensus estimates of $1.79 by $0.14. The company had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. 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, analysts predict that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.
InterDigital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital's dividend payout ratio (DPR) is currently 18.89%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of InterDigital by 71.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,720 shares of the Wireless communications provider's stock worth $562,000 after acquiring an additional 1,137 shares during the period. Ieq Capital LLC purchased a new stake in shares of InterDigital in the 1st quarter worth about $210,000. Quarry LP lifted its holdings in shares of InterDigital by 642.9% in the first quarter. Quarry LP now owns 208 shares of the Wireless communications provider's stock valued at $43,000 after purchasing an additional 180 shares in the last quarter. Graham Capital Management L.P. lifted its stake in InterDigital by 6.9% in the 1st quarter. Graham Capital Management L.P. now owns 6,414 shares of the Wireless communications provider's stock valued at $1,326,000 after buying an additional 414 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of InterDigital during the first quarter valued at $2,036,000. Institutional investors and hedge funds own 99.83% of the company's stock.
Wall Street Analysts Forecast Growth
IDCC has been the topic of several analyst reports. UBS Group set a $425.00 price target on shares of InterDigital in a research report on Monday, December 1st. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the stock a "buy" rating in a research report on Thursday, October 30th. William Blair reiterated an "outperform" rating on shares of InterDigital in a report on Monday, September 22nd. Zacks Research cut shares of InterDigital from a "strong-buy" rating to a "hold" rating in a report on Friday, November 21st. Finally, Weiss Ratings cut InterDigital from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $416.67.
Check Out Our Latest Stock Report on InterDigital
About InterDigital
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
