InterDigital (NASDAQ:IDCC) CEO Sells $1,951,959.96 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CEO Lawrence Liren Chen sold 5,958 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $327.62, for a total transaction of $1,951,959.96. Following the transaction, the chief executive officer directly owned 153,077 shares of the company’s stock, valued at $50,151,086.74. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, January 20th, Lawrence Liren Chen sold 2,975 shares of InterDigital stock. The shares were sold at an average price of $303.77, for a total transaction of $903,715.75.
• 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 transaction of $924,689.50.
• 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 value 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 transaction of $980,262.50.

InterDigital Trading Down 0.5%

IDCC traded down $1.55 during trading on Wednesday, hitting $331.92. The company’s stock had a trading volume of 136,159 shares, compared to its average volume of 273,526. 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 stock has a market cap of $8.55 billion, a PE ratio of 22.40 and a beta of 1.57. The firm’s 50 day moving average price is $333.37 and its 200-day moving average price is $318.57. InterDigital, Inc. has a twelve month low of $177.00 and a twelve month high of $412.60.

InterDigital (NASDAQ:IDCC) last issued its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.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 firm earned $1.14 earnings per share. The firm’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. On average, analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

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

Institutional Investors Weigh In On InterDigital

Several large investors have recently made changes to their positions in the company. M&T Bank Corp increased its stake in InterDigital by 14,563.6% during the 4th quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after buying an additional 108,499 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of InterDigital by 1.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,770 shares of the Wireless communications provider’s stock worth $3,747,000 after buying an additional 172 shares in the last quarter. Seeds Investor LLC acquired a new stake in shares of InterDigital in the fourth quarter valued at $355,000. Chicago Capital LLC bought a new position in InterDigital during the fourth quarter valued at about $220,000. Finally, CWM LLC grew its holdings in InterDigital by 72.4% during the fourth quarter. CWM LLC now owns 2,697 shares of the Wireless communications provider’s stock worth $859,000 after acquiring an additional 1,133 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IDCC shares. UBS Group set a $425.00 price objective on InterDigital in a report on Monday, December 1st. Jefferies Financial Group set a $475.00 price target on shares of InterDigital and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings downgraded shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Roth Mkm restated a “buy” rating on shares of InterDigital in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.