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

InterDigital, Inc. (NASDAQ:IDCC) Director John Kritzmacher sold 1,250 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $346.62, for a total transaction of $433,275.00. Following the completion of the transaction, the director owned 18,315 shares of the company’s stock, valued at approximately $6,348,345.30. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

InterDigital Stock Performance

Shares of NASDAQ IDCC opened at $359.89 on Friday. InterDigital, Inc. has a 12-month low of $169.58 and a 12-month high of $412.60. The company has a market cap of $9.27 billion, a PE ratio of 25.65, a P/E/G ratio of 1.88 and a beta of 1.45. The stock has a 50 day simple moving average of $357.58 and a 200-day simple moving average of $284.48. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.02.

InterDigital (NASDAQ:IDCC) last announced its earnings results 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. InterDigital had a return on equity of 53.44% and a net margin of 51.92%.The firm had revenue of $164.68 million for the quarter, compared to the consensus estimate of $153.43 million. During the same quarter in the previous year, the business earned $1.14 EPS. The firm’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. Q4 2025 guidance at 1.380-1.630 EPS. On average, equities research analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Wednesday, October 8th were given a $0.70 dividend. The ex-dividend date was Wednesday, October 8th. This represents a $2.80 dividend on an annualized basis and a yield of 0.8%. This is a boost from InterDigital’s previous quarterly dividend of $0.60. InterDigital’s payout ratio is currently 18.89%.

Analysts Set New Price Targets

Several equities analysts have commented on IDCC shares. 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. Jefferies Financial Group set a $475.00 price objective on shares of InterDigital and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research cut InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings restated a “buy (a-)” rating on shares of InterDigital in a research report on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $412.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Moran Wealth Management LLC lifted its position in shares of InterDigital by 0.6% during 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 during the last quarter. CoreCap Advisors LLC raised its position in shares of InterDigital by 15.6% during the third quarter. CoreCap Advisors LLC now owns 245 shares of the Wireless communications provider’s stock worth $85,000 after purchasing an additional 33 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of InterDigital by 0.4% during 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 last quarter. Creative Planning boosted its position in shares of InterDigital by 0.3% in the 2nd quarter. Creative Planning now owns 15,345 shares of the Wireless communications provider’s stock valued at $3,441,000 after purchasing an additional 46 shares during the period. Finally, Archer Investment Corp increased its stake in InterDigital by 4.3% in the 3rd quarter. Archer Investment Corp now owns 1,117 shares of the Wireless communications provider’s stock worth $386,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds 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.