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Richard Brezski, the Chief Financial Officer of InterDigital , Inc. (NASDAQ:IDCC), recently sold a significant portion of the company’s stock. According to a filing with the Securities and Exchange Commission, Brezski sold a total of 18,280 shares over February 18 and 19, 2025. The sale comes as InterDigital’s stock trades near its 52-week high of $218.20, having delivered an impressive 98.73% return over the past year. These transactions were executed under a pre-established Rule 10b5-1 trading plan.
The sales were conducted in multiple open market transactions, with prices ranging from $214.15 to $216.89 per share. The total value of these sales amounted to approximately $3.93 million. Following these transactions, Brezski retains ownership of 93,876 shares directly.
These sales highlight Brezski’s ongoing involvement in managing his holdings in InterDigital, a company known for its work in patent ownership and licensing within the technology sector. According to InvestingPro, the company currently shows multiple positive indicators, including strong financial health metrics and growth potential. Subscribers can access over 15 additional exclusive ProTips and a comprehensive analysis of InterDigital’s valuation and future prospects.
In other recent news, InterDigital, Inc. reported fourth-quarter earnings that significantly exceeded analyst expectations, with adjusted earnings per share reaching $5.15, far surpassing the $0.91 consensus. The company’s revenue for the quarter was $252.8 million, beating the expected $244.24 million and marking a 140% increase from the previous year. InterDigital’s CEO, Liren Chen, credited the strong performance to increased momentum in licensing programs and new agreements with major device makers. The company also provided an optimistic outlook for 2025, projecting full-year revenue between $660 million and $760 million, well 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, effective in the second quarter of 2025.
Jefferies analysts recently raised the price target for InterDigital’s stock to $210 from $195, maintaining a Hold rating. This adjustment follows the company’s announcement of a catch-up payment received in the fourth quarter, with expectations for more payments in 2025. Jefferies noted InterDigital’s consistent performance and potential revenue growth as factors for the updated valuation. The firm emphasized the company’s progress in the streaming market as a key driver for future growth. These developments highlight InterDigital’s strong financial position and potential for continued success.
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