Key Points
- CEO Lawrence Liren Chen sold 2,975 shares on Jan. 20 at an average price of $303.77 for ~$903,716, marking the fourth consecutive 2,975-share sale (Dec. 30, Jan. 6, Jan. 13, Jan. 20) and reducing his stake by 1.8% to 162,010 shares (~$49.2M).
- InterDigital reported a strong quarter with $1.93 EPS (vs. $1.79 est.) and revenue of $164.7M (up 28% YoY), set FY2025 guidance of $14.57–$14.83 EPS, and declared a quarterly dividend of $0.70 ($2.80 annual, ~0.8% yield).
- The stock trades with a market cap of $8.57B and a P/E of 22.47, and analysts show a consensus "Moderate Buy" with an average price target of $416.67 (four Buys, one Hold).
InterDigital, Inc. (NASDAQ:IDCC - Get Free Report) CEO Lawrence Liren Chen sold 2,975 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $303.77, for a total transaction of $903,715.75. Following the sale, the chief executive officer directly owned 162,010 shares of the company's stock, valued at approximately $49,213,777.70. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
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 shares were sold at an average price of $310.82, for a total transaction of $924,689.50.
- 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 transaction 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
NASDAQ:IDCC opened at $332.99 on Thursday. The firm's fifty day simple moving average is $334.27 and its 200 day simple moving average is $315.00. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02. InterDigital, Inc. has a twelve month low of $169.87 and a twelve month high of $412.60. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 22.47 and a beta of 1.57.
InterDigital (NASDAQ:IDCC - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, beating the consensus estimate 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 was up 28.0% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. 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, equities research analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.
InterDigital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, January 14th. InterDigital's dividend payout ratio is currently 18.89%.
Institutional Investors Weigh In On InterDigital
Several hedge funds and other institutional investors have recently modified their holdings of IDCC. Norges Bank bought a new position in shares of InterDigital during the second quarter worth about $71,200,000. Wedge Capital Management L L P NC acquired a new stake in InterDigital during the third quarter valued at approximately $67,282,000. Empowered Funds LLC lifted its holdings in InterDigital by 303.1% during the 2nd quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider's stock worth $32,156,000 after buying an additional 107,828 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in InterDigital by 36.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider's stock worth $69,433,000 after buying an additional 83,221 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of InterDigital by 92.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 132,094 shares of the Wireless communications provider's stock worth $29,619,000 after acquiring an additional 63,333 shares in the last quarter. Institutional investors own 99.83% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Jefferies Financial Group set a $475.00 target price on shares of InterDigital and gave the stock a "buy" rating in a research report on Thursday, October 30th. Weiss Ratings lowered shares of InterDigital from a "buy (a-)" rating to a "buy (b+)" rating in a report on Monday, December 29th. Zacks Research cut shares of InterDigital from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 21st. Roth Mkm reaffirmed a "buy" rating on shares of InterDigital in a research report on Tuesday. Finally, UBS Group set a $425.00 price target on InterDigital in a report on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $416.67.
View Our Latest Research Report on IDCC
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.
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