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Eeva K. Hakoranta, the Chief Licensing Officer at InterDigital , Inc. (NASDAQ:IDCC), recently sold a significant portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Hakoranta sold a total of 4,800 shares of common stock on March 19, 2025. The sale comes as InterDigital trades near its 52-week high of $231.97, with the stock delivering an impressive 115% return over the past year. According to InvestingPro analysis, the company maintains excellent financial health with outstanding gross profit margins of 80%. The transactions were executed at prices ranging between $216.51 and $218.71 per share, amounting to a total value of approximately $1,046,028.
The sales were conducted under a Rule 10b5-1 trading plan, which Hakoranta adopted on November 19, 2024. After these transactions, she retains ownership of 27,517.6142 shares in the company. This move is part of a pre-arranged trading plan that allows insiders to sell stocks at predetermined times to avoid any potential accusations of insider trading.
In other recent news, InterDigital, Inc. reported fourth-quarter earnings that significantly surpassed analyst expectations, with adjusted earnings per share reaching $5.15, compared to the consensus estimate of $0.91. Revenue for the quarter was $252.8 million, exceeding the expected $244.24 million and marking a 140% increase from the previous year. The company also announced an optimistic full-year 2025 revenue outlook, projecting between $660 million and $760 million, which is above the consensus estimate of $533 million. Additionally, InterDigital raised its quarterly cash dividend from $0.45 to $0.60 per share, effective in the second quarter of 2025.
Jefferies analysts have raised their price target for InterDigital to $210 from $195, maintaining a Hold rating. This adjustment follows InterDigital’s receipt of another catch-up payment in the fourth quarter and the expectation of more payments in 2025. The analysts cited a robust pipeline of potential agreements and growth in the streaming market as factors for the revised target. Meanwhile, LeddarTech Holdings Inc. announced its Annual and Special Meeting of Shareholders scheduled for March 26, 2025. This announcement, filed with the SEC, includes detailed information about the meeting’s agenda and voting procedures for shareholders.
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