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Eeva K. Hakoranta, Chief Licensing Officer at InterDigital , Inc. (NASDAQ:IDCC), a technology company with a market capitalization of $5.57 billion and an impressive gross profit margin of 80%, recently sold 350 shares of the company’s common stock. The transaction, which took place on February 18, 2025, was executed at a price of $214.51 per share, amounting to a total value of $75,078. Following this sale, Hakoranta retains ownership of approximately 30,537 shares in the company. The sale was conducted under a Rule 10b5-1 trading plan adopted on November 19, 2024. The stock is currently trading near its 52-week high of $218.20, having delivered an impressive 98.73% return over the past year. According to InvestingPro, which rates the company’s overall financial health as "GREAT," there are 16 additional investment insights available for subscribers.
In other recent news, InterDigital, Inc. reported fourth-quarter earnings that significantly exceeded analyst expectations, with adjusted earnings per share of $5.15, surpassing the consensus of $0.91 by $4.24. The company’s revenue for the quarter reached $252.8 million, beating the estimate of $244.24 million and marking a 140% increase from the previous year. CEO Liren Chen attributed this performance to increased momentum in licensing programs and new agreements with major device makers. For the full year, InterDigital achieved record revenue of $869 million, up 58% year-over-year. Looking forward, the company projects first-quarter 2025 revenue between $112 million and $116 million, slightly below the consensus of $130.5 million, but anticipates full-year 2025 revenue between $660 million and $760 million, exceeding the consensus of $533 million.
In another development, Jefferies analysts raised their price target for InterDigital to $210 from $195, maintaining a Hold rating. This adjustment follows InterDigital’s announcement of a catch-up payment in the fourth quarter, with more expected in 2025. Jefferies noted the company’s consistent performance and potential for future revenue growth, particularly in the streaming market. 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. The company also took enforcement actions against The Walt Disney Company (NYSE:DIS), emphasizing the importance of its technology to Disney’s services and seeking fair compensation for its research.
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