John Kritzmacher Sells 1,250 Shares of InterDigital (NASDAQ:IDCC) Stock
by Teresa Graham · The Cerbat GemInterDigital, Inc. (NASDAQ:IDCC – Get Free Report) Director John Kritzmacher sold 1,250 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $331.00, for a total transaction of $413,750.00. Following the completion of the sale, the director owned 15,815 shares in the company, valued at $5,234,765. This represents a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
InterDigital Price Performance
Shares of IDCC traded down $4.09 during mid-day trading on Tuesday, reaching $327.78. 242,342 shares of the stock traded hands, compared to its average volume of 334,050. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 22.12 and a beta of 1.54. InterDigital, Inc. has a 1 year low of $169.58 and a 1 year high of $412.60. The firm has a fifty day moving average price of $358.17 and a 200 day moving average price of $301.05. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The Wireless communications provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.14. The company had revenue of $164.68 million during 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 firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. InterDigital has set its FY 2025 guidance at 14.570-14.830 EPS and its Q4 2025 guidance at 1.380-1.630 EPS. As a group, equities research analysts predict that InterDigital, Inc. will post 9.21 earnings per share for the current year.
InterDigital Announces Dividend
The business 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. This represents a $2.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, January 14th. InterDigital’s payout ratio is currently 18.89%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on IDCC shares. William Blair reaffirmed an “outperform” rating on shares of InterDigital in a report on Monday, September 22nd. Roth Capital upped their target price on InterDigital from $270.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reissued a “buy (a-)” rating on shares of InterDigital in a research note on Monday. UBS Group set a $425.00 price objective on shares of InterDigital in a research note on Monday, December 1st. Finally, Zacks Research downgraded shares of InterDigital from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $416.67.
Get Our Latest Research Report on InterDigital
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of InterDigital in the 2nd quarter worth approximately $28,000. Root Financial Partners LLC bought a new stake in InterDigital in the third quarter valued at $30,000. Banque Transatlantique SA purchased a new position in InterDigital during the 1st quarter valued at $33,000. Global Wealth Strategies & Associates bought a new position in InterDigital in the 2nd quarter worth $38,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of InterDigital by 186.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 109 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 71 shares during the period. Institutional investors own 99.83% of the company’s stock.
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.
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