Sunday, December 21, 2014 10:11:00 AM
what it doesn't tell you
The transaction reported involved a gift by the reporting person of 5,000 shares of common stock to a charitable donor advised fund."
InterDigital CEO Sells $266,800 in Stock (IDCC)
Posted by Stephan Byrd on Dec 19th, 2014 // No Comments
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InterDigital logoInterDigital (NASDAQ:IDCC) CEO William J. Merritt unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, December 18th. The shares were sold at an average price of $53.36, for a total transaction of $266,800.00. Following the transaction, the chief executive officer now directly owns 132,640 shares in the company, valued at approximately $7,077,670. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on IDCC. Analysts at Zacks upgraded shares of InterDigital from a “neutral” rating to an “outperform” rating in a research note on Monday, November 3rd. They now have a $51.40 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of InterDigital in a research note on Friday, October 31st. They now have a $52.00 price target on the stock, up previously from $48.00.
InterDigital (NASDAQ:IDCC) traded up 1.21% during mid-day trading on Friday, hitting $53.75. 1,411,418 shares of the company’s stock traded hands. InterDigital has a one year low of $26.25 and a one year high of $53.90. The stock’s 50-day moving average is $50.93 and its 200-day moving average is $45.82. The company has a market cap of $1.998 billion and a P/E ratio of 20.63.
InterDigital (NASDAQ:IDCC) last announced its earnings results on Thursday, October 30th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.15. The company had revenue of $77.60 million for the quarter, compared to the consensus estimate of $70.90 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was down 29.8% on a year-over-year basis. On average, analysts predict that InterDigital will post $2.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 28th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, January 12th.
InterDigital, Inc (NASDAQ:IDCC) designs and develops advanced technologies for wireless communications.
Recent IDCC News
- InterDigital Announces Financial Results for First Quarter 2024 • GlobeNewswire Inc. • 05/02/2024 12:30:08 PM
- InterDigital awarded injunction against Lenovo • GlobeNewswire Inc. • 05/02/2024 12:30:00 PM
- InterDigital’s Doug Castor Elected Co-Chair of the ATIS Next G Alliance Steering Group • GlobeNewswire Inc. • 04/29/2024 08:00:00 AM
- New Report Pins 6G Success on Novel Benchmarks Extending Beyond Speed, Latency, and Mobility • GlobeNewswire Inc. • 04/25/2024 08:00:00 AM
- InterDigital Announces Date for First Quarter 2024 Financial Results • GlobeNewswire Inc. • 04/19/2024 12:30:00 PM
- InterDigital and Concordia University Announce Research Collaboration on AI-enabled Immersive Media Delivery over 5G Networks • GlobeNewswire Inc. • 04/15/2024 08:00:00 AM
- InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027 • GlobeNewswire Inc. • 04/04/2024 12:30:00 PM
- InterDigital to Showcase Innovations in High Definition and Sustainable Video Streaming Alongside Partners at NAB 2024 • GlobeNewswire Inc. • 03/26/2024 08:00:00 AM
- InterDigital Declares Regular Quarterly Cash Dividend • GlobeNewswire Inc. • 03/20/2024 08:30:00 PM
- InterDigital’s Xiaofei Wang Appointed Chair of the IEEE 802.11 Artificial Intelligence and Machine Learning (AIML) Standing Committee • GlobeNewswire Inc. • 03/20/2024 08:00:00 AM
- Interdigital to Speak at the 36th Annual Roth Conference • GlobeNewswire Inc. • 03/11/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:58:21 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 09:03:32 PM
- InterDigital’s Atle Monrad Elected Chair of 3GPP’s SA6 Working Group • GlobeNewswire Inc. • 03/05/2024 09:00:00 AM
- InterDigital Honors Wireless and Video Innovation Leaders Michael Starsinic and Fabrice Le Léannec as Inventors of the Year • GlobeNewswire Inc. • 02/22/2024 09:30:00 PM
- Keysight and InterDigital to Demonstrate AI in 6G Systems at Mobile World Congress 2024 • Business Wire • 02/21/2024 04:00:00 PM
- At MWC, InterDigital to Showcase Innovation Empowering Connected Experiences ‘At Work, At Rest, and At Play’ • GlobeNewswire Inc. • 02/19/2024 09:00:00 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/15/2024 01:37:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 01:33:18 PM
- InterDigital Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 02/15/2024 01:30:36 PM
- U.S. Futures Edge Higher Ahead of Key Economic Data Release, Oil Prices See Modest Declines • IH Market News • 02/15/2024 11:35:32 AM
- InterDigital and Broadpeak Announce Collaboration on MPEG V3C Standardized Content Distribution At Scale • GlobeNewswire Inc. • 02/13/2024 09:00:00 AM
- InterDigital appoints Ken Kaskoun as Chief Growth Officer • GlobeNewswire Inc. • 02/12/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/07/2024 01:43:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/05/2024 09:17:26 PM
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