Lawrence Liren Chen Sells 2,975 Shares of InterDigital (NASDAQ:IDCC) Stock

by · The Cerbat Gem

InterDigital, Inc. (NASDAQ:IDCC – Get Free Report) CEO Lawrence Liren Chen sold 2,975 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $329.50, for a total value of $980,262.50. Following the completion of the transaction, the chief executive officer directly owned 179,860 shares in the company, valued at $59,263,870. This represents a 1.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

InterDigital Trading Down 2.1%

IDCC stock traded down $6.73 during mid-day trading on Wednesday, reaching $318.38. 236,917 shares of the stock traded hands, compared to its average volume of 330,818. InterDigital, Inc. has a 52-week low of $169.58 and a 52-week high of $412.60. The stock’s fifty day moving average is $353.57 and its 200-day moving average is $305.49. The company has a market cap of $8.20 billion, a P/E ratio of 21.48 and a beta of 1.54. 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 – Get Free Report) last released its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.14. The business had revenue of $164.68 million for the quarter, compared to the consensus estimate of $153.43 million. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period last year, the firm 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. As a group, sell-side analysts expect that InterDigital, Inc. will post 9.21 earnings per share for the current year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, January 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.9%. InterDigital’s payout ratio is currently 18.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IDCC. UBS Group set a $425.00 price objective on InterDigital in a research report on Monday, December 1st. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. Roth Capital increased their target price on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Zacks Research lowered shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, Weiss Ratings cut shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

Read Our Latest Report on IDCC

Institutional Trading of InterDigital

Large investors have recently made changes to their positions in the stock. Moran Wealth Management LLC raised its stake in shares of InterDigital by 0.6% in the 3rd quarter. Moran Wealth Management LLC now owns 4,751 shares of the Wireless communications provider’s stock valued at $1,640,000 after acquiring an additional 29 shares in the last quarter. CoreCap Advisors LLC grew its holdings in InterDigital by 15.6% during the third quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock valued at $85,000 after purchasing an additional 33 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of InterDigital by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 11,388 shares of the Wireless communications provider’s stock valued at $2,554,000 after purchasing an additional 41 shares during the period. Archer Investment Corp lifted its stake in shares of InterDigital by 4.3% in the third quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock worth $386,000 after buying an additional 46 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of InterDigital by 0.3% during the 2nd quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock worth $3,441,000 after buying an additional 46 shares during the period. Institutional investors own 99.83% of the company’s stock.

InterDigital Company Profile

(Get Free Report)

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.

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