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Jean F. Rankin, a director at InterDigital , Inc. (NASDAQ:IDCC), recently sold shares in the company totaling approximately $597,380. The transactions took place on March 17, 2025, and involved multiple sales of common stock at prices ranging from $218.15 to $225.25 per share. The sales occurred as InterDigital’s stock trades near its 52-week high of $231.97, following an impressive 114% return over the past year. According to InvestingPro analysis, the company maintains strong fundamentals with industry-leading gross profit margins of 80%.
Rankin’s sales were executed as part of a pre-established Rule 10b5-1 trading plan, which was adopted on December 16, 2024. After these transactions, Rankin retains a stake of 27,954.2707 shares in the company.
The transactions included several blocks of shares, with notable sales comprising 1,102 shares at an average price of $223.78 and 905 shares at an average price of $224.26. These sales were conducted in open market transactions, with the reported prices reflecting weighted averages across multiple trades.
In other recent news, InterDigital, Inc. reported fourth-quarter earnings that significantly exceeded analyst expectations, with adjusted earnings per share reaching $5.15, surpassing the consensus of $0.91. The company also reported a revenue of $252.8 million, beating the estimated $244.24 million and marking a 140% increase from the previous year. InterDigital’s CEO, Liren Chen, attributed this success to increased momentum across licensing programs and new agreements with major device manufacturers. For the first quarter of 2025, InterDigital projects revenue between $112 million and $116 million, which is below the analyst consensus of $130.5 million. However, the company is optimistic about its full-year 2025 outlook, expecting revenue between $660 million and $760 million, exceeding the consensus estimate of $533 million. Additionally, the company 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 have raised InterDigital’s stock price target to $210 from $195, maintaining a Hold rating, citing the company’s consistent performance and potential for future revenue growth. Meanwhile, LeddarTech Holdings Inc. has scheduled its Annual and Special Meeting of Shareholders for March 26, 2025, as per a recent SEC filing.
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