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Stewart D. Hutcheson, a director at InterDigital , Inc. (NASDAQ:IDCC), recently sold a significant portion of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Hutcheson sold a total of 8,398 shares on February 21, 2025. The sale comes as InterDigital, with its impressive 80% gross profit margins and GREAT financial health score according to InvestingPro, trades near its 52-week high of $218.76. The sales were conducted at prices ranging from $210.87 to $218.76 per share, amounting to a total transaction value of approximately $1.8 million.
The transactions were part of a pre-arranged trading plan under Rule 10b5-1, adopted by Hutcheson on November 22, 2024. Following these sales, Hutcheson retains ownership of 19,848 shares of InterDigital common stock.
In other recent news, InterDigital reported fourth-quarter earnings that significantly exceeded analyst expectations. The company posted adjusted earnings per share of $5.15, surpassing the analyst consensus of $0.91 by $4.24. Revenue for the quarter reached $252.8 million, beating the consensus estimate of $244.24 million and marking a 140% increase from the same quarter last year. InterDigital also provided a positive outlook for 2025, projecting full-year revenue between $660 million and $760 million, well above 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, effective in the second quarter of 2025.
Jefferies analysts recently raised their price target for InterDigital to $210 from $195, maintaining a Hold rating on the shares. This adjustment follows InterDigital’s announcement of another catch-up payment received in the fourth quarter, with expectations of more payments in 2025. The analysts noted InterDigital’s consistent performance and potential for future revenue growth, particularly as the company expands its reach in the streaming market. InterDigital’s CEO, Liren Chen, attributed the strong financial results to increased momentum across licensing programs and new agreements with major device makers. The company also highlighted recent enforcement actions against The Walt Disney Company (NYSE:DIS), asserting the importance of its technology for Disney’s services.
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