InterDigital (NASDAQ:IDCC) CFO Sells $2,307,150.69 in Stock

InterDigital, Inc. (NASDAQ:IDCC) CFO Richard Brezski sold 6,981 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $330.49, for a total value of $2,307,150.69. Following the transaction, the chief financial officer owned 83,374 shares in the company, valued at approximately $27,554,273.26. This trade represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richard Brezski also recently made the following trade(s):

• On Tuesday, January 6th, Richard Brezski sold 5,002 shares of InterDigital stock. The shares were sold at an average price of $324.08, for a total value of $1,621,048.16.

InterDigital Stock Up 0.1%

Shares of IDCC stock traded up $0.23 during trading hours on Wednesday, reaching $309.23. 468,100 shares of the company’s stock were exchanged, compared to its average volume of 383,100. InterDigital, Inc. has a 1 year low of $169.58 and a 1 year high of $412.60. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.02. The stock has a market cap of $7.96 billion, a PE ratio of 20.87 and a beta of 1.57. The stock’s fifty day moving average price is $348.21 and its two-hundred day moving average price is $308.92.

InterDigital (NASDAQ:IDCC) last announced its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, beating the consensus estimate of $1.79 by $0.14. The firm had revenue of $164.68 million during the quarter, compared to analyst estimates of $153.43 million. InterDigital had a net margin of 53.50% and a return on equity of 51.89%. InterDigital’s revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. Research analysts predict that InterDigital, Inc. will post 9.21 EPS for the current year.

InterDigital Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on IDCC. William Blair reissued an “outperform” rating on shares of InterDigital in a research report on Monday, September 22nd. UBS Group set a $425.00 price target on InterDigital in a research note on Monday, December 1st. Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the stock a “buy” rating in a research note on Thursday, October 30th. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, Roth Capital increased their price target on shares of InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC purchased a new position in shares of InterDigital during the 3rd quarter valued at approximately $67,282,000. Bank of Montreal Can boosted its holdings in InterDigital by 0.8% during the second quarter. Bank of Montreal Can now owns 109,222 shares of the Wireless communications provider’s stock worth $24,491,000 after buying an additional 911 shares in the last quarter. Prudential Financial Inc. grew its position in InterDigital by 7.4% during the second quarter. Prudential Financial Inc. now owns 26,993 shares of the Wireless communications provider’s stock valued at $6,053,000 after buying an additional 1,863 shares during the period. Vontobel Holding Ltd. increased its holdings in InterDigital by 144.3% in the third quarter. Vontobel Holding Ltd. now owns 12,043 shares of the Wireless communications provider’s stock valued at $4,158,000 after buying an additional 7,113 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in InterDigital by 37.9% in the first quarter. Inspire Investing LLC now owns 15,227 shares of the Wireless communications provider’s stock valued at $3,148,000 after buying an additional 4,188 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

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.