InterDigital (NASDAQ:IDCC) CEO Sells $903,715.75 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 2,975 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $303.77, for a total value of $903,715.75. Following the sale, the chief executive officer owned 162,010 shares of the company’s stock, valued at approximately $49,213,777.70. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $310.82, for a total value 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 value of $980,262.50.

InterDigital Stock Performance

Shares of InterDigital stock traded up $7.11 on Wednesday, reaching $332.99. 273,841 shares of the company traded hands, compared to its average volume of 287,230. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89. The company has a 50 day moving average of $334.71 and a 200 day moving average of $314.87. InterDigital, Inc. has a 52 week low of $169.87 and a 52 week high of $412.60. The firm has a market capitalization of $8.57 billion, a PE ratio of 22.47 and a beta of 1.57.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, topping 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 company had revenue of $164.68 million during the quarter, compared to the consensus estimate of $153.43 million. During the same period last year, the firm earned $1.14 EPS. InterDigital’s revenue for the quarter 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. Equities analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s dividend payout ratio (DPR) is 18.89%.

Wall Street Analyst Weigh In

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

Institutional Trading of InterDigital

Several hedge funds have recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of InterDigital in the 3rd quarter valued at $30,000. Aster Capital Management DIFC Ltd raised its stake in shares of InterDigital by 186.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 71 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of InterDigital in the second quarter valued at about $28,000. Spire Wealth Management acquired a new position in shares of InterDigital during the third quarter valued at approximately $49,000. Finally, Salomon & Ludwin LLC purchased a new position in InterDigital in the 3rd quarter valued at $59,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Company Profile

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.