InterDigital (NASDAQ:IDCC) Director Sells $413,750.00 in Stock

InterDigital, Inc. (NASDAQ:IDCC) Director John Kritzmacher sold 1,250 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $331.00, for a total transaction of $413,750.00. Following the transaction, the director directly owned 15,815 shares of the company’s stock, valued at $5,234,765. The trade was a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

InterDigital Trading Down 1.2%

NASDAQ IDCC traded down $4.09 on Tuesday, reaching $327.78. The company had a trading volume of 242,342 shares, compared to its average volume of 334,050. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 22.12 and a beta of 1.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.89 and a quick ratio of 1.89. InterDigital, Inc. has a fifty-two week low of $169.58 and a fifty-two week high of $412.60. The business has a 50 day moving average of $358.17 and a two-hundred day moving average of $301.05.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. The firm had revenue of $164.68 million for the quarter, compared to analyst estimates of $153.43 million. InterDigital had a return on equity of 51.89% and a net margin of 53.50%.The business’s revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company 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. Analysts forecast that InterDigital, Inc. will post 9.21 EPS for the current 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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, January 14th. InterDigital’s dividend payout ratio (DPR) is presently 18.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in InterDigital in the 2nd quarter worth about $28,000. Root Financial Partners LLC purchased a new stake in InterDigital during the 3rd quarter worth about $30,000. Banque Transatlantique SA bought a new position in InterDigital in the 1st quarter worth about $33,000. Global Wealth Strategies & Associates bought a new position in InterDigital in the 2nd quarter worth about $38,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of InterDigital by 186.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IDCC shares. Zacks Research downgraded InterDigital from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of InterDigital in a research note on Monday. Jefferies Financial Group set a $475.00 price objective on InterDigital and gave the company a “buy” rating in a research note on Thursday, October 30th. UBS Group set a $425.00 target price on InterDigital in a research report on Monday, December 1st. Finally, Roth Capital lifted their price target on shares of InterDigital from $270.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, InterDigital currently has an average rating of “Buy” and a consensus target price of $416.67.

About InterDigital

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.