InterDigital (NASDAQ:IDCC) CEO Lawrence Liren Chen Sells 5,958 Shares

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 approximately $50,151,086.74. This trade represents a 3.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was 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 shares were 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 value 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 Trading Down 0.5%

IDCC traded down $1.55 during mid-day trading on Wednesday, hitting $331.92. 136,159 shares of the stock were exchanged, compared to its average volume of 273,526. The firm’s fifty day moving average is $333.37 and its two-hundred day moving average is $318.57. InterDigital, Inc. has a 1-year low of $177.00 and a 1-year high of $412.60. The company has a market cap of $8.55 billion, a PE ratio of 22.40 and a beta of 1.57. 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 results on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $153.43 million. During the same period in the prior year, the firm earned $1.14 earnings per share. The business’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. Equities analysts forecast that InterDigital, Inc. will post 9.21 earnings per share for the current fiscal year.

InterDigital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders 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 payout ratio is 18.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IDCC. Norges Bank acquired a new stake in shares of InterDigital in the second quarter valued at approximately $71,200,000. Wedge Capital Management L L P NC purchased a new position in InterDigital during the 3rd quarter worth $67,282,000. M&T Bank Corp increased its stake in InterDigital by 14,563.6% in the fourth quarter. M&T Bank Corp now owns 109,244 shares of the Wireless communications provider’s stock valued at $34,781,000 after purchasing an additional 108,499 shares during the period. Empowered Funds LLC raised its holdings in shares of InterDigital by 303.1% in the second quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock valued at $32,156,000 after buying an additional 107,828 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of InterDigital by 36.8% in the second quarter. Ameriprise Financial Inc. now owns 309,663 shares of the Wireless communications provider’s stock valued at $69,433,000 after buying an additional 83,221 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on IDCC shares. Weiss Ratings lowered shares of InterDigital from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, December 29th. Jefferies Financial Group set a $475.00 price objective on shares of InterDigital and gave the company a “buy” rating in a research report on Thursday, October 30th. Roth Mkm restated a “buy” rating on shares of InterDigital in a report on Tuesday, January 20th. Zacks Research lowered InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, UBS Group set a $425.00 price target on InterDigital in a report on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, InterDigital presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

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.