Interdigital (IDCC) has disclosed a new risk, in the Debt & Financing category.
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Interdigital’s recent activity in the third quarter of 2024 demonstrated a strategic move in its Share Repurchase Program, purchasing 22,050 shares at an average price of $138.61 per share. This decision reflects the company’s commitment to utilizing its authorized repurchase plan, although a significant portion of the allocated funds remains unspent, with approximately $229.5 million still available. Such financial maneuvers could pose a risk if market conditions shift or if the company needs liquidity elsewhere. Investors should monitor these buyback activities as they can impact share value and signal management’s confidence in the company’s future performance.
The average IDCC stock price target is $145.00, implying -3.62% downside potential.
To learn more about Interdigital’s risk factors, click here.
