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

InterDigital, Inc. (NASDAQ:IDCC) insider Joshua Schmidt sold 466 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $325.34, for a total transaction of $151,608.44. Following the completion of the transaction, the insider directly owned 27,462 shares in the company, valued at approximately $8,934,487.08. The trade was a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

InterDigital Stock Down 2.1%

InterDigital stock traded down $6.73 during trading on Wednesday, hitting $318.38. 236,917 shares of the company were exchanged, compared to its average volume of 330,818. The company has a market capitalization of $8.20 billion, a P/E ratio of 21.48 and a beta of 1.54. The business’s 50 day moving average is $353.57 and its 200 day moving average is $305.49. InterDigital, Inc. has a 52 week low of $169.58 and a 52 week 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.

InterDigital (NASDAQ:IDCC) last issued its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share 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 business’s revenue was up 28.0% on a year-over-year basis. During the same period last year, the business earned $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. Analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The company also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s dividend payout ratio is presently 18.89%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IDCC. William Blair restated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Weiss Ratings lowered InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday. Roth Capital boosted their price objective on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. UBS Group set a $425.00 target price 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 stock 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 given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IDCC. Twin Peaks Wealth Advisors LLC purchased a new position in InterDigital during the second quarter valued at approximately $28,000. Root Financial Partners LLC purchased a new position in shares of InterDigital during the 3rd quarter valued at $30,000. Banque Transatlantique SA bought a new position in shares of InterDigital in the first quarter worth $33,000. Global Wealth Strategies & Associates bought a new position in shares of InterDigital in the second quarter worth $38,000. Finally, Aster Capital Management DIFC Ltd raised its position in shares of InterDigital by 186.8% in the third 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 in the last quarter. Hedge funds and other institutional investors 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.