InterDigital, Inc. CEO Sells Significant Shares

InterDigital, Inc. (NASDAQ:IDCC) recently witnessed a notable stock transaction involving its CEO, Lawrence Liren Chen. On December 18th, Chen sold 5,891 shares of the company's stock. The shares were sold at an average price of $195.34, leading to a total sale value of $1,150,747.94. This sale resulted in a 3.46% decrease in his ownership, bringing his total direct holdings in the company down to 164,543 shares, which are currently valued at approximately $32,141,829.62. The transaction was reported through a legal filing with the SEC.

InterDigital Price Performance

On the trading day following the sale, shares of InterDigital opened at $189.43. The company's financial ratios demonstrate a healthy balance sheet, with a current ratio and quick ratio both sitting at 1.62, and a very low debt-to-equity ratio of 0.03. Currently, InterDigital boasts a 50-day moving average of $177.46 and a 200-day moving average of $145.93. Over the past year, the stock has fluctuated between a low of $95.33 and a high of $203.90. The company has a market capitalization of about $4.80 billion, a PE ratio of 20.24, a P/E/G ratio of 0.81, and a beta of 1.44.

InterDigital Announces Dividend Payment

Additionally, InterDigital has announced a quarterly dividend, which will be distributed on January 22nd. Shareholders who are on record as of January 8th will receive a dividend of $0.45 per share, amounting to an annualized dividend of $1.80 and a yield of 0.95%. The ex-dividend date is also set for January 8th, and the company's payout ratio is reported at 19.23%.

Analyst Opinions

Recent evaluations from analysts highlight a mix of opinions regarding InterDigital's stock. For instance, StockNews.com has downgraded the stock from a "buy" rating to a "hold" rating as of November 4th. Conversely, Roth Mkm raised their price target from $146.00 to $160.00 and maintained a "buy" rating for the company.

Institutional Activity Around InterDigital

Institutional investors have also shown interest in InterDigital, with several making adjustments to their positions in the third quarter. Notably, Transcendent Capital Group LLC acquired a new position valued at around $25,000, while V Square Quantitative Management LLC invested approximately $26,000. Additional investments were reported by 1620 Investment Advisors Inc. and Nisa Investment Advisors LLC, adding to the buzz around the stock. Currently, hedge funds hold about 99.83% of InterDigital's shares.

About InterDigital

InterDigital, Inc. operates as a global company focusing on research and development, particularly in wireless communication, visual technology, artificial intelligence, and related fields. The company designs and develops technologies that enhance connected experiences across various communication and entertainment products.

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