On September 20, 2024, John Kritzmacher, Director at InterDigital Inc (IDCC, Financial), sold 2,500 shares of the company at a price of $138.72 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now directly owns 20,278.6427 shares of InterDigital Inc.
Over the past year, John Kritzmacher has sold a total of 3,269 shares of InterDigital Inc and has not made any purchases of the stock. This recent transaction follows a pattern observed over the last year, where there have been 24 insider sells and no insider buys at the company.
InterDigital Inc specializes in the design and development of digital technologies that enable wireless communications and capabilities. The company's technologies are used in various devices, networks, and services worldwide.
On the day of the sale, shares of InterDigital Inc were trading at $138.72, giving the company a market cap of approximately $3.49 billion. The price-earnings ratio of the stock stands at 13.98, which is lower than the industry median of 26.19 and also below the company’s historical median.
According to the GF Value, which is an intrinsic value estimate used to determine fair valuation, InterDigital Inc has a price-to-GF-Value ratio of 1.09, indicating that the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of corporate confidence and potential future stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
