InterDigital (NASDAQ:IDCC – Get Free Report) updated its first quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.190-1.420 for the period, compared to the consensus EPS estimate of 1.100. The company issued revenue guidance of $112.0 million-$116.0 million, compared to the consensus revenue estimate of $130.5 million. InterDigital also updated its FY 2025 guidance to 9.690-12.920 EPS.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of InterDigital from a “buy” rating to a “hold” rating in a report on Monday, November 4th.
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InterDigital Price Performance
InterDigital Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is currently 19.23%.
Insider Buying and Selling at InterDigital
In related news, CTO Rajesh Pankaj sold 700 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $204.13, for a total transaction of $142,891.00. Following the completion of the sale, the chief technology officer now directly owns 52,997 shares in the company, valued at $10,818,277.61. This represents a 1.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joshua D. Schmidt sold 140 shares of InterDigital stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $182.19, for a total value of $25,506.60. Following the completion of the transaction, the insider now directly owns 24,138 shares in the company, valued at $4,397,702.22. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,322 shares of company stock worth $2,562,751 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.
InterDigital Company Profile
InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.
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