John Kritzmacher Sells 1,250 Shares of InterDigital (NASDAQ:IDCC) Stock

InterDigital, Inc. (NASDAQ:IDCC) Director John Kritzmacher sold 1,250 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $357.37, for a total transaction of $446,712.50. Following the completion of the sale, the director owned 17,065 shares in the company, valued at $6,098,519.05. This represents a 6.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

InterDigital Trading Up 0.5%

Shares of IDCC stock opened at $364.77 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $9.39 billion, a P/E ratio of 24.52 and a beta of 1.54. InterDigital, Inc. has a 12-month low of $169.58 and a 12-month high of $412.60. The firm has a 50-day moving average price of $358.81 and a 200 day moving average price of $293.08.

InterDigital (NASDAQ:IDCC) last posted its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. The company had revenue of $164.68 million during the quarter, compared to analysts’ expectations of $153.43 million. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. InterDigital’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous 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. Research analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, January 14th. InterDigital’s payout ratio is 18.89%.

Wall Street Analyst Weigh In

IDCC has been the topic of a number of recent research reports. UBS Group set a $425.00 price objective on InterDigital in a research report on Monday, December 1st. William Blair reiterated an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Roth Capital raised their target price 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. Weiss Ratings reissued a “buy (a-)” rating on shares of InterDigital in a research note on Monday. Finally, Jefferies Financial Group set a $475.00 price objective on shares of InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $416.67.

Hedge Funds Weigh In On InterDigital

Several institutional investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new stake in InterDigital during the 2nd quarter worth approximately $28,000. Root Financial Partners LLC acquired a new position in shares of InterDigital in the third quarter valued at approximately $30,000. Banque Transatlantique SA bought a new stake in shares of InterDigital during the first quarter worth $33,000. Headlands Technologies LLC acquired a new stake in shares of InterDigital during the first quarter worth $35,000. Finally, Global Wealth Strategies & Associates bought a new stake in InterDigital in the 2nd quarter valued at $38,000. Institutional investors own 99.83% of the company’s stock.

InterDigital Company Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.