Joshua Schmidt Sells 466 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 466 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $325.34, for a total transaction of $151,608.44. Following the completion of the transaction, the insider owned 27,462 shares in the company, valued at approximately $8,934,487.08. This represents a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

InterDigital Price Performance

Shares of IDCC opened at $318.38 on Friday. InterDigital, Inc. has a twelve month low of $169.58 and a twelve month high of $412.60. The company has a market capitalization of $8.20 billion, a P/E ratio of 21.48 and a beta of 1.54. The firm has a 50 day moving average of $351.54 and a 200 day moving average of $305.67. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.14. The business had revenue of $164.68 million for the quarter, compared to analysts’ expectations of $153.43 million. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior 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, equities research analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The firm 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 of this dividend is Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. InterDigital’s payout ratio is 18.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IDCC. Geode Capital Management LLC grew its position in shares of InterDigital by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 658,877 shares of the Wireless communications provider’s stock valued at $148,103,000 after acquiring an additional 12,223 shares during the period. Reinhart Partners LLC. grew its holdings in InterDigital by 0.7% during the third quarter. Reinhart Partners LLC. now owns 412,346 shares of the Wireless communications provider’s stock valued at $142,360,000 after purchasing an additional 3,030 shares during the period. Ameriprise Financial Inc. grew its holdings in InterDigital by 18.9% during the third quarter. Ameriprise Financial Inc. now owns 368,323 shares of the Wireless communications provider’s stock valued at $127,202,000 after purchasing an additional 58,660 shares during the period. Invesco Ltd. increased its position in InterDigital by 12.6% in the third quarter. Invesco Ltd. now owns 361,216 shares of the Wireless communications provider’s stock worth $124,703,000 after buying an additional 40,335 shares in the last quarter. Finally, Congress Asset Management Co. raised its stake in shares of InterDigital by 2.7% in the third quarter. Congress Asset Management Co. now owns 353,017 shares of the Wireless communications provider’s stock worth $121,872,000 after buying an additional 9,265 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IDCC shares. Zacks Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. William Blair restated an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. UBS Group set a $425.00 target price on shares of InterDigital in a research note on Monday, December 1st. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.67.

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.