Lawrence Liren Chen Sells 2,975 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 2,975 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $329.50, for a total value of $980,262.50. Following the sale, the chief executive officer owned 179,860 shares of the company’s stock, valued at $59,263,870. This represents a 1.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

InterDigital Stock Down 2.1%

NASDAQ IDCC opened at $318.38 on Friday. InterDigital, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $8.20 billion, a PE ratio of 21.48 and a beta of 1.54. The stock’s 50 day moving average is $351.54 and its 200 day moving average is $305.67.

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. 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 analysts’ expectations of $153.43 million. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current fiscal year.

InterDigital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. InterDigital’s dividend payout ratio (DPR) is presently 18.89%.

Hedge Funds Weigh In On InterDigital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Moran Wealth Management LLC raised its holdings in InterDigital by 0.6% during the 3rd quarter. Moran Wealth Management LLC now owns 4,751 shares of the Wireless communications provider’s stock valued at $1,640,000 after buying an additional 29 shares during the period. CoreCap Advisors LLC increased its position in InterDigital by 15.6% during the third quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock valued at $85,000 after acquiring an additional 33 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of InterDigital by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider’s stock valued at $2,554,000 after acquiring an additional 41 shares during the period. Creative Planning lifted its holdings in shares of InterDigital by 0.3% in the 2nd quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock worth $3,441,000 after acquiring an additional 46 shares during the last quarter. Finally, Archer Investment Corp lifted its holdings in shares of InterDigital by 4.3% in the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock worth $386,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on IDCC. William Blair reissued an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. UBS Group set a $425.00 price objective on InterDigital in a report on Monday, December 1st. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. Finally, Roth Capital upped their price target on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.