Insider Selling: InterDigital (NASDAQ:IDCC) Director Sells $433,275.00 in Stock

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

InterDigital Price Performance

InterDigital stock opened at $357.25 on Friday. The stock has a 50-day moving average price of $358.03 and a two-hundred day moving average price of $285.45. InterDigital, Inc. has a 12 month low of $169.58 and a 12 month high of $412.60. The company has a market capitalization of $9.20 billion, a PE ratio of 25.46, a P/E/G ratio of 1.88 and a beta of 1.45. 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 posted its earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.79 by $0.14. InterDigital had a net margin of 51.92% and a return on equity of 53.44%. The business had revenue of $164.68 million for the quarter, compared to the consensus estimate of $153.43 million. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was up 28.0% compared to the same quarter last year. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS. Q4 2025 guidance at 1.380-1.630 EPS. Analysts expect that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in InterDigital in the 2nd quarter valued at about $71,200,000. New Vernon Capital Holdings II LLC grew its holdings in shares of InterDigital by 25,257.5% in the first quarter. New Vernon Capital Holdings II LLC now owns 204,889 shares of the Wireless communications provider’s stock valued at $42,361,000 after acquiring an additional 204,081 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of InterDigital during the third quarter valued at approximately $67,282,000. Empowered Funds LLC lifted its holdings in InterDigital by 303.1% during the second quarter. Empowered Funds LLC now owns 143,406 shares of the Wireless communications provider’s stock worth $32,156,000 after acquiring an additional 107,828 shares during the period. Finally, Nuveen LLC purchased a new position in InterDigital in the first quarter worth $20,967,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IDCC. William Blair restated an “outperform” rating on shares of InterDigital in a research note on Monday, September 22nd. Roth Capital boosted 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 cut shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Jefferies Financial Group set a $475.00 price target on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of InterDigital in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $412.50.

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.