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 business’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $310.82, for a total transaction of $924,689.50. Following the transaction, the chief executive officer owned 167,960 shares in the company, valued at approximately $52,205,327.20. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lawrence Liren Chen also recently made the following trade(s):

• On Tuesday, January 6th, Lawrence Liren Chen sold 2,975 shares of InterDigital stock. The shares were 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 stock was sold at an average price of $329.50, for a total value of $980,262.50.

InterDigital Stock Down 0.7%

IDCC opened at $310.43 on Friday. The stock has a market capitalization of $7.99 billion, a P/E ratio of 20.95 and a beta of 1.57. InterDigital, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60. The business has a 50 day simple moving average of $337.97 and a 200-day simple moving average of $311.70. 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 (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The business had revenue of $164.68 million during the quarter, compared to the consensus estimate of $153.43 million. During the same quarter in the previous year, the company posted $1.14 EPS. The business’s revenue 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. On average, equities analysts anticipate that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Dividend Announcement

The company also recently announced 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 0.9%. The ex-dividend date is Wednesday, January 14th. InterDigital’s dividend payout ratio is 18.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IDCC. William Blair reissued an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings cut InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, December 29th. UBS Group set a $425.00 price objective on InterDigital in a research report on Monday, December 1st. Finally, Jefferies Financial Group set a $475.00 target price on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, InterDigital currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

Hedge Funds Weigh In On InterDigital

Hedge funds have recently made changes to their positions in the stock. Waldron Private Wealth LLC acquired a new stake in shares of InterDigital during the 4th quarter worth $393,000. Exchange Traded Concepts LLC boosted its holdings in InterDigital by 13.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,710 shares of the Wireless communications provider’s stock valued at $1,181,000 after acquiring an additional 452 shares during the last quarter. Norden Group LLC grew its position in InterDigital by 17.4% during the fourth quarter. Norden Group LLC now owns 1,159 shares of the Wireless communications provider’s stock valued at $369,000 after acquiring an additional 172 shares during the period. SG Americas Securities LLC acquired a new stake in InterDigital during the fourth quarter worth about $1,844,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in InterDigital by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the Wireless communications provider’s stock worth $1,613,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

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.