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Wilmington, DE – Jean F. Rankin, a director at InterDigital , Inc. (NASDAQ:IDCC), recently executed a series of stock sales amounting to a total of $137,242. The transactions, which occurred on June 9, 2025, involved the sale of 606 shares of InterDigital common stock at prices ranging from $225.87 to $228.81 per share. The stock is currently trading near its 52-week high of $231.97, reflecting the company’s impressive 93% return over the past year.
The sales were conducted under a Rule 10b5-1 trading plan that Rankin adopted on December 16, 2024, to address estimated tax obligations related to the vesting of restricted stock units. Following these transactions, Rankin retains ownership of 27,353 shares of InterDigital common stock. The company maintains strong fundamentals with an exceptional 88% gross profit margin and a "GREAT" financial health rating according to InvestingPro, which offers 13 additional key insights about IDCC’s performance.
These transactions provide insight into Rankin’s current financial strategies, as well as the market activity surrounding InterDigital’s stock. Investors often keep a close watch on such insider transactions to gauge company insiders’ sentiment. For comprehensive analysis including Fair Value estimates and detailed financial metrics, investors can access the full InterDigital Pro Research Report, available exclusively on InvestingPro.
In other recent news, InterDigital Inc. reported impressive financial results for the first quarter of 2025, exceeding both earnings and revenue expectations. The company posted an earnings per share (EPS) of $4.21, significantly higher than the anticipated $1.83, and achieved revenue of $210.5 million, surpassing the forecasted $182.75 million. These results highlight InterDigital’s strong market execution and strategic initiatives, including the expansion of its licensing agreements, which now cover 80% of the global smartphone market. The company also reaffirmed its revenue guidance for 2025, projecting between $660 million and $760 million, with an Adjusted EBITDA target of $400 million to $495 million. Additionally, InterDigital has made progress in its consumer electronics and IoT licensing program, signing a new multi-year agreement with HP (NYSE:HPQ), which licenses more than 50% of the PC market. Despite these positive developments, the company faces ongoing litigation with Disney (NYSE:DIS), which could pose potential risks. Analysts have noted the company’s strong performance, but the ongoing arbitration with Samsung (KS:005930) remains a point of uncertainty. InterDigital’s strategic focus on expanding its licensing agreements and technological innovations continues to drive its financial success.
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