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Lawrence Liren Chen, the President and CEO of InterDigital , Inc. (NASDAQ:IDCC), a company that has delivered an impressive 101% return over the past year and maintains a GREAT financial health score according to InvestingPro, recently executed a series of stock transactions, according to a regulatory filing. On March 5th through March 7th, Chen sold a total of 61,009 shares of InterDigital common stock, generating approximately $12.5 million. The sales occurred at prices ranging from $202.00 to $227.63 per share, with the stock currently trading near Fair Value based on InvestingPro’s comprehensive analysis.
In addition to these sales, Chen exercised options to acquire 60,000 shares at a price of $73.15 per share over the same period. Following these transactions, Chen’s direct ownership in the company stands at 159,057 shares. These transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted in December 2024. The company, currently valued at $5.54 billion, maintains impressive gross profit margins of 80% and has consistently paid dividends for 15 consecutive years. Discover more insights about IDCC and access detailed financial analysis through InvestingPro’s comprehensive research reports.
In other recent news, InterDigital, Inc. reported fourth-quarter earnings that significantly exceeded analyst expectations, with adjusted earnings per share of $5.15, surpassing the consensus of $0.91. The company’s revenue for the quarter reached $252.8 million, beating the expected $244.24 million and marking a 140% increase from the same period last year. InterDigital’s CEO, Liren Chen, attributed the strong performance to momentum in licensing programs and new agreements with major device makers. For 2025, the company projects revenue between $660 million and $760 million, exceeding the consensus estimate of $533 million. Additionally, InterDigital announced an increase in its quarterly cash dividend from $0.45 to $0.60 per share, effective in the second quarter of 2025. Jefferies analysts raised their price target for InterDigital to $210 from $195, maintaining a Hold rating, citing the company’s consistent performance and potential for future revenue growth. Meanwhile, LeddarTech Holdings Inc. announced its Annual and Special Meeting of Shareholders scheduled for March 26, 2025, as per its latest SEC filing. This meeting serves to inform shareholders about the upcoming corporate event, ensuring transparency and regulatory compliance.
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