InterDigital (NASDAQ:IDCC) Issues Q4 2024 Earnings Guidance

InterDigital (NASDAQ:IDCC) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 5.420-5.700 for the period, compared to the consensus EPS estimate of 0.870. The company issued revenue guidance of $239.0 million-$249.0 million, compared to the consensus revenue estimate of $138.7 million. InterDigital also updated its FY 2024 guidance to 14.690-14.990 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Roth Mkm upped their price objective on shares of InterDigital from $146.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. StockNews.com raised InterDigital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th.

InterDigital Price Performance

IDCC traded down $1.75 during midday trading on Thursday, hitting $145.97. The stock had a trading volume of 226,278 shares, compared to its average volume of 456,004. The company has a market cap of $3.68 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.39. The business has a fifty day moving average of $141.90 and a 200 day moving average of $125.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 1.51. InterDigital has a 1 year low of $74.90 and a 1 year high of $164.32.

InterDigital (NASDAQ:IDCC) last released its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $3.77. The firm had revenue of $223.49 million during the quarter, compared to analyst estimates of $95.63 million. InterDigital had a return on equity of 44.57% and a net margin of 37.99%. As a group, equities analysts forecast that InterDigital will post 9.06 earnings per share for the current fiscal year.

InterDigital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, October 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.40. InterDigital’s dividend payout ratio is 26.47%.

Insider Activity

In related news, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $138.72, for a total value of $346,800.00. Following the completion of the sale, the director now owns 20,279 shares of the company’s stock, valued at $2,813,102.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other InterDigital news, Director Derek K. Aberle sold 2,005 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $134.40, for a total value of $269,472.00. Following the completion of the transaction, the director now owns 7,639 shares in the company, valued at approximately $1,026,681.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Kritzmacher sold 2,500 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $138.72, for a total value of $346,800.00. Following the transaction, the director now owns 20,279 shares of the company’s stock, valued at $2,813,102.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,205 shares of company stock valued at $716,218. 2.30% of the stock is currently owned by company insiders.

About InterDigital

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.