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Joshua D. Schmidt, Chief Legal Officer and Corporate Secretary of InterDigital , Inc. (NASDAQ:IDCC), recently sold shares worth $388,262. The transactions, which took place on March 19, involved the sale of 1,781 shares of common stock. The sales were executed at prices ranging from $216.90 to $218.99 per share. The stock has shown remarkable strength, delivering a 115% return over the past year and trading near its 52-week high of $231.97.
According to a Form 4 filing with the Securities and Exchange Commission, these sales were part of a pre-arranged trading plan under Rule 10b5-1, adopted on May 22, 2024. Following these transactions, Schmidt holds approximately 24,395 shares of InterDigital stock. The company maintains strong financial health with an impressive 80% gross profit margin and holds more cash than debt on its balance sheet.
InterDigital, Inc., a company known for its patent ownership and licensing, is headquartered in Wilmington, Delaware. The company’s shares are traded on the NASDAQ under the ticker symbol IDCC. With a market capitalization of $5.7 billion and consistent dividend payments for 15 consecutive years, InterDigital demonstrates solid fundamentals. InvestingPro analysis reveals 14 additional key insights about the company’s performance and outlook.
In other recent news, InterDigital Inc. reported fourth-quarter earnings that significantly surpassed analyst expectations. The company achieved adjusted earnings per share of $5.15, exceeding the consensus estimate of $0.91 by $4.24. Revenue for the quarter reached $252.8 million, surpassing the forecasted $244.24 million and marking a 140% increase compared to the same period last year. Additionally, InterDigital projected a strong full-year 2025 outlook with expected revenue between $660 million and $760 million, well above the consensus estimate of $533 million. 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 recently raised their price target for InterDigital to $210 from $195, maintaining a Hold rating on the company’s shares. This adjustment follows the announcement of catch-up payments received in the fourth quarter and expectations for additional payments in 2025. The analysts highlighted InterDigital’s steady stream of payments and potential agreements, suggesting a robust financial position. Meanwhile, LeddarTech Holdings Inc. has scheduled its Annual and Special Meeting of Shareholders for March 26, 2025, as announced in a recent SEC filing. This meeting will provide shareholders with relevant information regarding the company’s proceedings and voting processes.
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