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InterDigital , Inc. (NASDAQ:IDCC), a technology company with a market capitalization of $5.2 billion and impressive stock performance of over 96% in the past year, saw a significant stock transaction as its President and CEO, Lawrence Liren Chen, executed a series of sales amounting to $8.3 million. The transactions, which took place on March 3 and 4, involved the sale of common stock at prices ranging from $201.61 to $216.06 per share.
In addition to the sales, Chen exercised stock options to acquire 40,000 shares at a price of $73.15 each, totaling approximately $2.93 million. These transactions were made under a Rule 10b5-1 trading plan, which was adopted on December 2, 2024.
Following these transactions, Chen’s direct ownership stands at 158,780.7234 shares. The sales and option exercises reflect routine financial planning activities by the executive. According to InvestingPro analysis, InterDigital maintains strong financial health with a "GREAT" overall score, and the stock currently trades at a P/E ratio of 14.4x. For deeper insights into InterDigital’s valuation and 13 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, InterDigital, Inc. reported fourth-quarter earnings that surpassed analyst expectations, with adjusted earnings per share reaching $5.15, significantly higher than the anticipated $0.91. The company’s revenue for the quarter was $252.8 million, exceeding the consensus estimate of $244.24 million and marking a 140% increase from the same quarter last year. InterDigital’s CEO, Liren Chen, attributed this strong performance to increased momentum in licensing programs and new agreements with major device makers. The company also provided a positive outlook for 2025, projecting full-year revenue between $660 million and $760 million, which is above the consensus estimate of $533 million. Additionally, InterDigital announced an increase in its quarterly cash dividend from $0.45 to $0.60 per share, starting in the second quarter of 2025. Jefferies analysts raised their price target for InterDigital to $210, reflecting confidence in the company’s financial position and growth potential in the streaming market. Meanwhile, LeddarTech Holdings Inc. announced its Annual and Special Meeting of Shareholders, scheduled for March 26, 2025, as part of its latest SEC filing. This announcement serves as a formal invitation to stakeholders, ensuring compliance with regulatory requirements.
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